ITT Q2 2024 Adj. EPS $1.49 Beats $1.46 Estimate, Sales $905.900M Miss $916.554M Estimate
Portfolio Pulse from Benzinga Newsdesk
ITT (NYSE:ITT) reported Q2 2024 adjusted EPS of $1.49, beating the estimate of $1.46, but missed sales estimates with $905.9M against $916.554M. EPS increased by 12.03% YoY, while sales grew by 8.63% YoY.
August 01, 2024 | 10:30 am
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ITT reported Q2 2024 adjusted EPS of $1.49, beating the estimate of $1.46, but missed sales estimates with $905.9M against $916.554M. EPS increased by 12.03% YoY, while sales grew by 8.63% YoY.
The positive EPS surprise and significant YoY growth in both EPS and sales are likely to have a positive short-term impact on ITT's stock price, despite the slight miss in sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100