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ITT 1Q Profit Falls 98% On Spinoff Costs, Exelis 1Q Net Down 15%
Wall Street Journal ITT Corp.'s (ITT) first-quarter earnings slumped 98% on separation costs, while defense spinoff ITT Exelis Inc. (XLS) reported its first-quarter earnings fell 15%. ITT split its business into three companies in October. Exelis results beat estimates ITT Q1 Profit Plummets – Quick Facts Exelis Q1 profit down; backs 2012 outlook – Quick Facts |
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