ITT Firms Nearly 2%, Says FY11 Profits Could Rise 7%-12% Vs

Published on Fri, 12/17/2010 - 16:46
By FNN Staff in General Interest, itt, analysis, earnings, eps, financial, itt, market, stock, trading
analysis, earnings, eps, financial, itt, market, stock, trading

ITT (ITT) says its 2011 earnings could rise 7% to 12% over the profit it's expecting for the current year. It forecast 2011 profit of $4.62 to $4.82 per share. That compares with an earnings forecast of $4.28 to $4.32 per share for 2010. The company said it expects 2010 revenue of about $11 billion and that it expects it to grow 3% to 5% in 2011. ITT is trading up 88 cents, or 1.73%, at a price of $51.75.

By FNN Staff
root@fnn-online.com

Most Popular Video News

  •
    01:10 PM MIDWEEK MARKET WRAP UP:New Report Expected to Shakeup Libor

    From FNNO.com, this is the Financial News Network. I’m Cleo
    Stiller-Farrell and this is your Midweek Market Wrap Up. The British
    Bankers’ Association, which has the supervisory role of setting the
    influential Libor rates, announced that it would be willing to give up
    its...

    +
  • 11:04 AM What's in the News for September 26, 2012

    The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...

    +
  • 11:04 AM Yahoo Makes Ken Goldman New CFO

    CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.

    Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...

    +
More