ITT adjusted profit rises

Fri Aug 3, 2012 7:22am EDT

Aug 3 (Reuters) - ITT Corp, which provides components for aerospace, rail, and energy markets, posted a rise in adjusted quarterly profit on strong sales to the U.S. mining, chemical and industrial markets.

Net income from continuing operations fell to $16.7 million, or 18 cents per share, for the second quarter, from $18.7 million, or 20 cents per share, a year earlier.

Excluding items, ITT earned 50 cents per share, compared with 46 cents per share last year.

Revenue rose 3 percent to $567.5 million.

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