ITT Corp said first quarter results reported earlier were substantially ahead of budget and added it is confident of a continued improvement by all divisions in the remainder of the year. The company said the natural resources division more than doubled its contribution from the year ago quarter while the diversified services business reported strong operating results due to continued improvement in the domestic casualty business at The Hartford. It said the operationg performance of the industrial and defense technology business was above expectations but below the year ago result.
ITT CORP <ITT> CONFIDENT ABOUT FISCAL 1987