Investing.com - ITT reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ITT announced earnings per share of $1.20 on revenue of $753.6M. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $754.77M.
ITT shares are up 17.25% from the beginning of the year and are trading at $74.47 , down-from-52-week-high.
ITT follows other major Industrials sector earnings this month
ITT's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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