ITT Corporation Q1 adjusted earnings Beat Estimates

(RTTNews) - ITT Corporation (ITT) announced a profit for its first quarter that increased from the same period last year.

The company's earnings came in at $101.2 million, or $1.14 per share. This compares with $46.0 million, or $0.52 per share, in last year's first quarter.

Excluding items, ITT Corporation reported adjusted earnings of $68.8 million or $0.77 per share for the period.

Analysts had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $689.3 million from $625.8 million last year.

ITT Corporation earnings at a glance:

-Earnings (Q1): $68.8 Mln. vs. $57.4 Mln. last year. -EPS (Q1): $0.77 vs. $0.64 last year. -Analysts Estimate: $0.73 -Revenue (Q1): $689.3 Mln vs. $625.8 Mln last year.

-Guidance: Full year EPS guidance: $2.95 - $3.15