Itt corp. Said thursday its profits more...
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
ITT Corp. said Thursday its profits more than doubled in the second quarter, posting gains from its hotel and entertainment operations and the sale of its financial unit. The owner of
Hartford Insurance, Sheraton hotels and Caesar’s World casinos earned $612 million, or $5.61 a share, up from $258 million, or $2.11 a share, in the same period a year earlier. The results
include one-time factors, such as the $403-million sale on substantially all of the assets of ITT Financial Corp. and the planned disposals of ITT Semiconductors and a unit of ITT Community
Development Corp. MORE TO READ