ITT Q2 Adj. EPS $1.33 Beats $1.17 Estimate, Sales $833.90M Beat $789.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
ITT reported Q2 adjusted earnings of $1.33 per share, beating the analyst consensus estimate of $1.17 by 13.68%. This is a 35.71% increase from the same period last year. The company also reported quarterly sales of $833.90 million, surpassing the analyst consensus estimate of $789.02 million by 5.69%, a 13.72% increase from the previous year.
August 04, 2023 | 12:50 pm
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POSITIVE IMPACT
ITT's Q2 earnings and sales exceeded analyst estimates, showing significant YoY growth. This positive financial performance could potentially boost the company's stock price in the short term.
ITT's Q2 earnings and sales have significantly exceeded analyst estimates, indicating strong financial performance. This positive news is likely to increase investor confidence and could potentially lead to a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100