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ITT Corporation

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ITT’s third-quarter 2015 earnings beat the Zacks Consensus Estimate but came below the year-ago tally. While improving operational performance and low corporate costs were tailwinds, negative impact of foreign currency fluctuations remained concerns. Also, the company’s revenues dipped on a year-over-year basis, led by low revenues generation across all major segments and unfavorable foreign exchange impact. Also, sluggishness in industrial as well as oil & gas markets have adversely impacted the company's financials over the past few quarters and will likely do the same in future. Based on unfavorable oil price movements, the company anticipates decline in revenues from oil and gas segments in 2015. Nevertheless, ITT’s diligent capital deployment initiatives and strategic acquisitions signal lucrative commercial possibilities going forward.


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