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ITT forecasts earnings growth of up to 12% in 2011.

TELECOMWORLDWIRE-December 17, 2010-ITT forecasts earnings growth of up to 12% in 2011(C)1994-2010 M2 COMMUNICATIONS

High-technology engineering and manufacturing company ITT Corporation (NYSE:ITT) reported today that its full-year 2011 earnings forecast shows a 7% to 12% growth compared to the 2010 guidance figures.

The company forecasts earnings in the range of USD4.62 to USD4.82 per share for 2011, which represents a rise of approximately 7% to 12% from the 2010 adjusted earnings per share guidance midpoint of USD4.30.

Total revenue growth for 2011 is expected to be between 3% and 5% compared to the total revenue in 2010, which is forecast to be approximately USD11m.

Additionally, ITT has reaffirmed its 2010 adjusted earnings per share guidance range of USD4.28 to USD4.32 and said that the midpoint represents an increase of 15% from the previous year.

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Article Type:Brief article
Date:Dec 17, 2010
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