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ITT's Fiscal Q1 Adjusted Earnings, Revenue Gain; Lifts Lower End of Fiscal 2024 Adjusted Profit Guidance
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ITT's Fiscal Q1 Adjusted Earnings, Revenue Gain; Lifts Lower End of Fiscal 2024 Adjusted Profit Guidance
May 2, 2024 6:49 AM

09:24 AM EDT, 05/02/2024 (MT Newswires) -- ITT (ITT) reported fiscal Q1 adjusted earnings Thursday of $1.42 per share, up from $1.17 a year earlier.

Analysts polled by Capital IQ expected $1.36.

Revenue for the quarter ended March 30 was $910.6 million, up from $797.9 million a year earlier.

Analysts surveyed by Capital IQ expected $883.2 million.

The company said it now expects fiscal 2024 adjusted EPS of $5.65 to $5.90. That compares with the prior guidance of $5.45 to $5.90. Analysts surveyed by Capital IQ expect $5.79.

Revenue for the current fiscal year is still projected to grow 9% to 12%, the company said.

Price: 130.00, Change: +0.72, Percent Change: +0.56

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