ITT’s 1st-Quarter Profit Up 43%
- Share via
Associated Press
SAVANNAH, Ga. — International Telephone & Telegraph Corp., engaged in an effort to streamline its operations, today reported that its first-quarter profit this year climbed 43% from 1984.
Net income for the quarter rose to $113.3 million, or 75 cents a share, from $79.3 million, or 52 cents a share, a year earlier. ITT said the latest quarterly profit included a $38-million gain from the settlement of telecommunication contract disputes with the Nigerian government.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
