ITT Guides FY23 Adj. EPS Just Below Estimates; Hikes Dividend 10% - Update

ITT Ink 10-Year Strategic Agreement With Continental To Supply Aftermarket Brake Pads

ITT Inc. (ITT) announced Monday that the company has signed a 10-year strategic agreement for the supply of aftermarket brake pads to German automotive supplier Continental AG (CTTAY.PK). The agreement is expected to generate more than $1 billion in revenue over the term.

RTTNews | 794 days ago

ITT Provides Long-term Financial Targets

Ahead of its investor conference later on Thursday, ITT Inc. (ITT) announced long-term financial targets, which comprise 5 to 7 percent revenue growth, 20 percent adjusted segment operating margin, over 10 percent adjusted earnings per share growth, and a free cash flow margin range of 11 percent to 13 percent, all based on actual results for the year-ending December 31, 2021.

RTTNews | 1071 days ago

Swiss Market Ends Notably Lower

After opening modestly down, the Switzerland market kept sliding on Thursday, and despite recovering some lost ground past mid afternoon, ended the day's session on a weak note. Concerns about U.S. debt, and continued uncertainty about tariff negotiations rendered the mood cautious.

RTTNews | 43 minutes ago

European Stocks Close Weak As U.S. Fiscal Deficit Fuels Growth Concerns

European stocks closed lower on Thursday as rising concerns over U.S. fiscal outlook and a lack of clarity on tariff negotiations rendered the mood cautious, prompting investors to lighten commitments.

RTTNews | 1h 3min ago

Canadian Market Up Marginally At Noon In Cautious Trade

After opening slightly up, the Canadian market slipped into negative territory Thursday morning, but edged up a bit subsequently in cautious trade, with a few stocks from technology and financials sectors posting solid gains.

RTTNews | 2h 19min ago

U.S. Existing Home Sales Unexpectedly See Further Downside In April

Existing home sales in the U.S. unexpectedly saw further downside in the month of April, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales fell by 0.5 percent to an annual rate of 4.00 million in April after plunging by 5.9 percent to a rate of 4.02 million in March.

RTTNews | 3h 51min ago

U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000

A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th. The Labor Department said initial jobless claims edged down to 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000. The dip surprised economists, who had expected jobless claims to inch up to 230,000.

RTTNews | 4h 46min ago

U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th.

RTTNews | 5h 54min ago

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ITT Guides FY23 Adj. EPS Just Below Estimates; Hikes Dividend 10% - Update