SAN FRANCISCO (MarketWatch) -- ITT Corp. shares fell 6% to $47 after the diversified industrial manfacturer trimmed the top end of its 2010 profit forecast and issued a revenue forecast that fell short of analyst expectations. ITT said full-year revenue will be $11 billion, compared with the $11.3 billion in sales analysts surveyed by FactSet Research had expected. Based in White Plains, N.Y., ITT makes pump systems and defense equipment. 2010 07 30 10:49
LONDON (MarketWatch) -- Aerospace and defense firm ITT Corp. on Friday said second-quarter net income totaled $238 million, or $1.28 a share, up from $201 million, or $1.10 a share in the same period last year. Adjusted income from continuing operations was $1.14 a share. A FactSet Research survey of analysts produced a consensus forecast of $1.07 a share. The White Plains, N.Y.-based firm said revenue rose 0.7% to $2.74 billion. ITT also announced it would divest CAS Inc., a systems engineering and technical assistance component of its defense and information solutions business. The compan
ITT Corporation (NYSE: ITT) today reported 2010 second-quarter revenue of $2.7 billion and income from continuing operations of $226 million, or $1.22 per share. Excluding special items, income from 2010 07 30 06:59
ITT Corporation (NYSE: ITT) was recognized by CR magazine as a Best Corporate Citizen in Government Contracting. This inaugural list recognizes publicly traded companies that exemplify transparency 2010 07 26 11:59
Here is a list of 15 companies releasing earning statements on July 30. We've sorted the companies by market cap, and have briefly discussed their earnings performance over the past 3 years.
The charts show past earning performances against analyst estimates. The green markers indicate the company beating estimates, while the red makers represent the company falling short of analyst expectations. All data is sourced from Zacks Investment Research.
Who first said, “Sell in May and go away?” They get a gold star this year (and what a year to get gold)! Equity markets have now fallen for seven straight days, reinforcing the downward trend that began in the last week of April. The five down days last week brought a decline of 4.5% in the DJIA, 5.0% in the S&P 500 and almost 6% in the NASDAQ. Basic Materials was the big loser, down 8%. Financials and Industrials fell 7%. All that made for...
If the equity market were to rise less than 7% this year, the following firms would be particularly impacted. Column 2 shows some firms have expected returns of 9%. This would appear particularly optimistic, especially since all firms on the list have pension plans that are underfunded by at least $1billion and have a substantial asset allocation to equities
Global water usage at its current rate is unsustainable...and despite its fundamental importance to life, water is often taken for granted. It is also an issue and a sector often overlooked by investors.
In the United States alone, the water industry is a $120 billion market that is expected to grow at 6%-7% per year over the next several years. On a global basis, the industry size exceeds $400 billion annually. The industry is expanding even more rapidly globally than in the United States due to the rapidly growing needs of the emerging markets.
Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (TXT) company, signed an agreement with the Federal Defense Industries Inc. Per the agreement Textron will provide Cadillac Gage vehicle spare parts.
Textron Marine & Land Systems specializes in the design, production and support of advanced marine craft, armored combat vehicles, turrets and related subsystems. The company serves military and commercial customers domestically and internationally, and has products operating in more than 35 countries worldwide.
Gregory Skidmore is founder and president of Belray Asset Management in Greenwich, Conn., which aims to use institutional investment methods (whether broadly diversified or niche strategies) to help individual clients. Before founding Belray, Skidmore worked for Advest in New York City and as a financial advisor for Smith Barney.
Seeking Alpha recently got the chance to ask him about his current top stock pick.
Yahoo Tech Ticker has a video and article up featuring an interview with Lakshman Achuthan from the Economic Cycle Research Institute (hat tip to Barry Ritholtz). My internet connection is not fast enough to watch the videos on that site (one of the tradeoffs of living in the woods) but I was able to get the gist from the article.
Achuthan feels we are in for more boom and bust cycles and, with that backdrop, he feels buy and hold...
ITT Corporation (ITT) has been awarded a contract to provide maintenance, supply and transportation services to the U.S. Army and U.S. Marine Corps on Camp Arifjan and other locations in Southwest Asia. The award is a task order under the Field Installation Readiness Support Team ((FIRST)) contract vehicle, for one base year with four one-year options.
The expected value of work completed in 2010 is approximately $45 million, with a total potential contract value of approximately $230 million with all options exercised.
ITT Corporation's (NYSE:ITT) second quarter 2010 earnings results, released before the opening bell today, beat the Zacks Consensus Estimate on the bottomline. The company reported earnings per ...
By Seeking Alpha 07/30/10 - 03:05 PM EDT Good morning. My name is Wes, and I will be your conference operator today. At this time, I would like to welcome everyone to the ITT Corporation Second ...
Market Intellisearch's proprietary predictive modeling system detected the establishment of a new bearish trend for ITT Corporation on 07/30/2010. Shares of ITT Corporation slipped $3.22 (-6.35 ...
New York, July 30th (TradersHuddle.com) - Unusual high volume detected on shares of ITT Corporation (NYSE:ITT), early in the trading session. ITT is currently trading lower by 5.81%, so definitely ...
CapitalSource, Inc. (NYSE:CSE) soared 1.90% to $5.36. The company announced financial results for the second quarter of 2010. Net income for the quarter was $18 million, or $0.06 per diluted share ...
By Chip Brian Below are the top five companies in the Industrial Goods sector as measured by relative performance. Lowest relative performance is a comparison between a share and its peers made to ...
By Chip Brian ITT (NYSE:ITT) is currently trading 2.80% above its May 6th low of $48.58. Investors are looking to see if this 'flash crash' low can act as support signaling the stock has completed ...
ITT Industries, Inc. (NYSE: ITT | PowerRating) said it expects third quarter earnings of $0.94 to $0.98 per share and 2010 earnings of $4.08 to $4.18 per share. The company's previous guidance was ...
ITT Industries (NYSE: ITT) reports Q2 EPS of $1.14, 7 cents better than the analyst estimate of $1.07. Revenue for the quarter was $2.7 billion, which compares to the estimate of $2.83 billion ...
Stock News 
