Revenue Update on ITT Corp(NYSE:ITT)

ITT Corp(NYSE:ITT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $588.400M. Analysts estimated a revenue of $551.890M. The revenues were 6.62% above the estimates. Earnings per share were $0.48. The reported EPS was above estimates by 14.29%. Analysts had estimated an EPS of $0.42.

ITT Corp (ITT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.02% or 0.01 points. Due to strong positive momentum, the stock ended at $42.5, which is also near the day’s high of $42.58. The stock began the session at $42.34 and the volume stood at 4,20,054 shares. The 52-week high of the shares is $44 and the 52 week low is $30.06. The company has a current market capitalization of $3,757 M and it has 8,84,00,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 6, 2016, Aris C Chicles (officer ) sold 30,570 shares at $41.03 per share price.Also, On May 26, 2016, Thomas M Scalera (Executive VP & CFO) sold 7,019 shares at $36.00 per share price.On Mar 11, 2016, Denise L Ramos (CEO and President) sold 152,594 shares at $35.86 per share price, according to the Form-4 filing with the securities and exchange commission.

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process Motion Technologies Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment and is a provider of plant optimization solutions and aftermarket services and parts. Motion Technologies manufactures brake components shock absorbers and damping technologies for the automotive truck and trailer public bus and rail transportation markets. Interconnect Solutions manufactures and designs a range of engineered connector solutions that makes it possible to transfer signal and power between electronic devices. Control Technologies manufactures equipment including actuation valves and noise and energy absorption components for the aerospace and defense and industrial markets.

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