ITT Q4 Adj. EPS $1.34, Inline, Sales $829.10M Beat $814.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
ITT reported Q4 adjusted EPS of $1.34, meeting analyst estimates, and sales of $829.10M, exceeding estimates of $814.39M. This represents a 3.88% increase in earnings and a 7.04% increase in sales over the same period last year.
February 08, 2024 | 11:37 am
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POSITIVE IMPACT
ITT's Q4 earnings matched expectations with an adjusted EPS of $1.34 and sales that surpassed estimates, indicating a solid performance.
Meeting earnings estimates and exceeding sales forecasts typically have a positive impact on stock prices in the short term. ITT's year-over-year growth in both earnings and sales further strengthens the case for a potential positive market reaction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100