ITT Exelis (XLS) posted lower first-quarter 2013 net income of $44 million, or $0.23 a share, compared with last year's $70 million, or $0.37 a share. On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.23 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly revenue was $1.2 billion, compared with $1.4 billion in the first quarter of 2012. Analysts estimated revenues of $1.21 billion for the quarter.
Further, Exelis reiterated its 2013 guidance, still expecting earnings per share in the range of $1.45 - $1.55, and sales of $5.0 billion - $5.1 billion. Analysts project earnings of $1.47 per share, and revenues of $5.02 billion for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.