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The Boston Globe

Business

ITT jumps as US sales growth drives earnings

The White Plains, N.Y., maker of auto parts and industrial pumps rose as 18 percent revenue growth in the United States helped it post better-than-expected earnings. Second-quarter results jumped to 50 cents a share from 46 cents a year earlier. Analysts had predicted profit of 37 cents. Sales rose 2.7 percent as demand in the United States made up for a drop in Western Europe.