Friday, April 27, 2007

UPDATE 1-ITT profit beats Wall St, raises forecast

(Reuters) - The company, which makes a range of products including night vision equipment, military radios and sewage treatment equipment, reported net profit of $140 million, or 76 cents per share, compared with $155.9 million, or 83 cents per share, a year earlier.

Sales rose in each its three operating areas -- fluid technology, defense, and flow control products -- but ITT said profit was cut by the sale of pump and fluid handling businesses last year.


Read more at Reuters.com Market News

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