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ITT Reports Solid Second Quarter and Forecasts Strong Operational Performance for the Full Year

by: , Atlantic Wire
July 30, 2010

Category: Syndicated Industry News | RSS 2.0

WHITE PLAINS, N.Y.–(BUSINESS WIRE)–ITT Corporation (NYSE: ITT) today reported 2010 second-quarter revenue of $2.7 billion and income from continuing operations of $226 million, or $1.22 per share. Excluding special items, income from continuing operations for the quarter was $211 million, or $1.14 per share, representing 9 percent year-over-year growth. Special items resulted from the completion of a tax audit. “We are pleased with ITT’s strong productivity and solid operating margins this qua



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