ITT beats earnings expectations and lifts dividend, but gives downbeat outlook on coronavirus outbreak [MarketWatch]
ITT Inc. (ITT)
Last itt inc. earnings: 5/1 06:45 am
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Source: MarketWatch
ITT beats earnings expectations and lifts dividend, but gives downbeat outlook on coronavirus outbreak ITT Inc. ITT, +0.75% reported Friday fourth-quarter earnings that beat expectations and raised its dividend by 15%, but provided a downbeat outlook included an estimated impact from the coronavirus outbreak in China. The stock was still inactive in premarket trading. Net income at the engineered components company rose to $68.4 million, or 77 cents a share, from $51.9 million, or 58 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 99 cents, above the FactSet consensus of 92 cents. Revenue rose 6% to $719.1 million, topping the FactSet consensus of $716.6 million, as beats in the motion technologies and industrial process segments offset a miss in connect and control technologies. For 2020, the company currently expects adjusted EPS of $3.87, with a wider range of $3.72 to $4.02, compared with the FactSet consensus of $3.99,
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News
- ITT (ITT) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
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- Selling weapons ‘like vacuum cleaners': Photographer's look at the bizarre world of global arms fairs [CNN]CNN
- ITT Announces Participation in Oppenheimer’s 19th Annual Industrial Growth ConferenceBusiness Wire
- Here's Why ITT (ITT) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
ITT
Earnings
- 2/8/24 - In-Line
ITT
Sec Filings
- 4/2/24 - Form ARS
- 4/2/24 - Form DEFA14A
- 4/2/24 - Form DEF
- ITT's page on the SEC website