ITT Corp. reiterates earnings forecast for year
At its annual meeting of shareholders in Tarrytown today, ITT Corp. reiterated it expects to earn $4 to $4.10 a share in 2008 on revenues of about $11.5 billion.
In other business, shareholders re-elected nine of 10 board members on its board of directors, the Harrison-based defense contractor said.
Raymond LeBoeuf, an ITT director since 2000, is retiring from the board and didnâ€™t stand for re-election.
Shareholders also approved Deloitte & Touche LLP as the companyâ€™s independent auditor, ITT said.
In afternoon trading, shares of the company were down a fraction to $66.43 a share.