ITT Raised FY23 Adjusted EPS To $5.15 to $5.21 (From $4.95-$5.15) Vs. Consensus Of $5.09, Sees Revenue Growth Of Approximately 9%, Up 7% To 8% On An Organic Basis
Portfolio Pulse from Benzinga Newsdesk
ITT Inc. has increased its FY23 adjusted EPS guidance to $5.15-$5.21, up from the previous $4.95-$5.15, beating the consensus of $5.09. The company also expects revenue growth of approximately 9%, up 7% to 8% on an organic basis.
November 02, 2023 | 10:37 am
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ITT Inc. has raised its FY23 adjusted EPS guidance, which is now above the consensus estimate. The company also expects higher revenue growth.
ITT Inc. has raised its FY23 adjusted EPS guidance to a range that is above the consensus estimate, which is a positive signal about the company's future profitability. Additionally, the company's forecast for higher revenue growth indicates strong business performance. These factors are likely to have a positive impact on the company's stock price in the short term.
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