- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Dubai's Debt Woes Signal New Era for Creditors
- Banks With The Biggest Exposure to The UAE
- Some of Dubai World's Major Holdings Around Globe
- The World's Biggest Debtor Nations
- Commodities Hammered as Investors Flee to US Dollars
- Five Tips for Buying a Foreclosed Home
- Get Paid Six Figures to Wear a T-Shirt?
- Shoppers Hit Black Friday Sales; Budgets Pared
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- 8 Retailers that Gain During the Holidays
- Farrell: What's Different On This Black Friday
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
MOST SHARED
- 8 Retailers that Gain During the Holidays
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Finding the Holiday's Best Buys
- Banks Play Down Dubai Exposure, Investors Still Wary
- Get Paid Six Figures to Wear a T-Shirt?
- Dubai Spooks Investors But May Bring Buying Opportunity
- Is Super Bowl Halftime Act Too Old?
- Yen Hits 14-Year High on Dubai Woes; Dollar Gains
- Shoppers Hit Black Friday Sales; Budgets Pared
Text Size 
ATLANTA, Oct 30 (Reuters) - Diversified manufacturer ITT Corp posted lower quarterly net income on Friday on a charge tied to asbestos liability, but it raised its full-year outlook, citing improved operations as it controlled costs. The maker of military equipment and wastewater pumps said net income came to $59 million, or 32 cents a diluted share, for the third quarter, down from $216.3 million, or $1.17 a share, a year earlier. The latest results include a charge of $131 million, or 71 cents a share, tied to asbestos claims associated with older ITT products. Adjusted for special items, income from continuing operations for the quarter was $190 million, or $1.03 a share, ITT said. Quarterly revenue fell 6 percent to $2.7 billion. The company expects full-year earnings of $3.70 to $3.74 a share, excluding items, compared with a prior view of $3.50 to $3.70 a share. (Reporting by Karen Jacobs; Editing by Derek Caney) Keywords: ITT/ (karen.jacobs@thomsonreuters.com + 1 404 493 3656; Reuters Messaging: karen.jacobs.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Print
Email
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
- Some of the nation's top bartenders offer suggestions on what to serve at holiday celebrations this year.
Data is a real-time snapshot *Data is delayed at least 15 minutes