ITT Corporation (ITT) reported that its fourth-quarter net income increased to $199.2 million or $1.08 per share from $185.5 million or $1.01 per share last year.
Earnings from continuing operations increased to $1.06 from $0.96 a year ago. Excluding special items, income from continuing operations was $178 million or $0.97 per share, representing 18% year-over-year growth.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit of $0.94 per share for the quarter. Analysts' estimates typically exclude special items.
Sales and revenues were $2.87 billion compared to $2.95 billion last year. Analysts expected revenue of $2.88 billion for the quarter.
The company also raised its full-year 2010 adjusted earnings per share guidance from its previously announced forecast of $3.85 to $4.05 to a new forecast of $3.90 to $4.10.
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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.