ITT Inc. Q4 Profit Increases, Beats Estimates

(RTTNews) - ITT Inc. (ITT) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $127.0 million, or $1.55 per share. This compares with $91.5 million, or $1.11 per share, last year.

Excluding items, ITT Inc. reported adjusted earnings of $122.7 million or $1.50 per share for the period.

Analysts on average had expected the company to earn $1.47 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 12.0% to $929.0 million from $829.1 million last year.

ITT Inc. earnings at a glance (GAAP) :

-Earnings: $127.0 Mln. vs. $91.5 Mln. last year. -EPS: $1.55 vs. $1.11 last year. -Revenue: $929.0 Mln vs. $829.1 Mln last year.