Investing.com - ITT reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ITT announced earnings per share of $0.98 on revenue of $733.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.9652 on revenue of $712.03M.
ITT shares are down 24% from the beginning of the year and are trading at $76.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.82% from the start of the year.
ITT shares gained 1.06% in pre-market trade the report.
ITT follows other major Industrials sector earnings this month
ITT's report follows an earnings beat by United Parcel Service on Tuesday, July 26, 2022, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on Thursday, July 21, 2022 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar