ITT Posts Q2 Results Beat

ITT, a manufacturer of engineered critical components, reported Friday Q2 adjusted earnings of $0.65 per share, down from $0.67 per share in the prior year period and came in higher than the $0.63 per share Street estimate provided by Capital IQ. Revenues were $630.9 million, up from $626.2 million reported for the same period last year and higher than the $628.7 million Street estimate.

For 2017, the company now expects adjusted profit to range from $2.40 to $2.50 per share, up from prior guidance of $2.28 to $2.48 per share. The Street consensus calls for $2.43 per share.

By Jon Flanagan