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Business in the Burbs

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ITT Corp. reiterates earnings forecast for year

May
13

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 didn’t stand for re-election.

Shareholders also approved Deloitte & Touche LLP as the company’s independent auditor, ITT said.

In afternoon trading, shares of the company were down a fraction to $66.43 a share.

This entry was posted on Tuesday, May 13th, 2008 at 12:44 pm by David Schepp. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Earnings forecast, Earnings season, Management actions

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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