ITT (ITT) reported preliminary Q1 adjusted earnings Thursday of $1.43 to 1.45 per diluted share.
Analysts polled by FactSet expected $1.43.
Preliminary revenue for the quarter ended March 29 is expected to be more than $900 million, the company said.
Analysts surveyed by FactSet expect $901.4 million.
The industrial components maker also said it intends to repurchase up to $500 million of its shares, as part of a $1 billion 2023 authorization of which $875 million remains.
ITT shares were down around 1.5% in recent premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments