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 | 605天前

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 | 883天前

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.

RTTNews | 5小時9分鐘前

European Economic News Preview: UK GDP Data Due

Quarterly national accounts from the UK and final inflation from France and Italy are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK GDP data for the third quarter and industrial output and foreign trade figures for September. The economy is forecast to grow 0.2 percent sequentially after rising 0.5 percent in se

RTTNews | 5小時50分鐘前

FDA Approves PTC's Kebilidi As First Gene Therapy To Treat AADC Deficiency

The U.S. Food and Drug Administration approved PTC Therapeutics, Inc.'s Kebilidi (eladocagene exuparvovec-tneq) gene therapy for the treatment of aromatic L-amino acid decarboxylase or AADC deficiency. Kebilidi is the first FDA-approved gene therapy for the deficiency. PTC shares gained around 8.5 percent in the extended trading on the Nasdaq on Thursday.

RTTNews | 6小時22分鐘前

European Shares Set To Drift Lower After Powell Comments

European stocks may open on a sluggish note Friday after Federal Reserve Chair Jerome Powell signaled a cautious approach on rate cuts, given persistent inflationary pressures.

RTTNews | 6小時28分鐘前

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders react to a bunch of upbeat economic data from the region, including upbeat GDP data from Japan. Regional gains remained very modest after the U.S. Fed said it would slash interest rates carefully amid inflation pressures. Asian markets ended mixed on Thursday.

RTTNews | 8小時38分鐘前

Indian Markets Closed For Public Holiday

Indian stock markets remain closed today on account of Guru Nanak Jayanti.

RTTNews | 9小時40分鐘前

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