ITT Industries ( ITT: chart) diversified industrial and technology company, posted Q3 earnings of $2 a share, up vs. $1.16 a share in the same period last year on revenue growth. If not for non-recurring items, the company would have earned $1.37 a share, beating analyst estimate of $1.35 a share.
Raytheon Co. ( RTN: chart), defense systems producer, reported Q3 net income of 50 cents a share, up from 34 cents a share a year ago in line with analyst expectations. Q3 included a 1 cent a share after-tax loss in discontinued operations vs. a 7 cents a share after-tax loss in the year-ago period.
Trammell Crow ( TCC: chart), diversified commercial real estate services provider, reported Q3 earnings of 40 cents a share, up from 15 cents a share on 20% revenue growth, beating analyst estimate of 34 cents a share.
CORPORATE NEWS
General Motors ( GM: chart), the world’s largest carmaker, announced that it has received subpoenas from the SEC, dealing with the financial reporting of several issues, recovery of recall costs from suppliers and other obligations. The subpoenas are related to an investigation into pension and other post-employment benefits and certain transactions with Delphi. |