ITT Industries' net expected to be below analysts' estimates

Article Abstract:

ITT Industries Inc. announced that it is expecting to post lower-than-predicted earnings for the second-quarter of 1998. The company is expecting lower earnings primarily because of the ongoing strike at General Motors Corp. ITT said that the strike will cost the company approximately $9.6 million in earnings. The strike led to a reduction in demand for ITT's auto segment. Analysts had forecasted earnings of 69 cents per share.

Comment:

Announced that it is expecting to post lower-than-predicted earnings for the second-quarter of 1998

Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Automotive parts, ITT Industries Inc.

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Flow International will meet estimates for quarterly profit

Article Abstract:

Flow International Corp. is expecting to meet fiscal 1998 first-quarter projections of 12 cents a share. The chairman, president, and CEO of Flow, Ronald Tarrant, announced that the company is expecting to reach the $36 million in projected revenues for the quarter ending on July 31, 1998. During the same period in 1997, Flow posted $2.2 million in net income on $47.5 million in revenues.

Comment:

Expecting to meet fiscal 1998 first-quarter projections of 12 cents a share

Machine Tool (Metal Cutting Types) Manufacturing, Metal Cutting Machine Tools NEC, Machine tools, Flow International Corp.

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