ITT increases earnings guidance
-
- April
- 15
ITT Corp. of White Plains said this morning it expects its first-quarter earnings to be higher than it previously predicted.
The company, which makes pumps and night-vision goggles for the military, said the profit will be higher than 80 to 82 cents a share for the quarter that ended in March.
ITT said it also expects to earn more than the $3.80 to $3.95 a share it previously forecast for the full year. The company will report its first-quarter earnings April 25.
The company also announced that Hank Driesse, 64, is taking over leadership of its defense business on an interim basis. He replaces Steve Gaffney, 49, who has decided to leave the company to take a job at a private-equity firm.
This entry was posted
on Tuesday, April 15th, 2008 at 9:15 am by Allan Drury.
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