ITT Corp.’s first-quarter earnings rose to $180...

ITT Corp.’s first-quarter earnings rose to $180 million, almost double the $93 million it posted in the 1987 quarter. The New York-based, diversified service-oriented conglomerate expects improved results in each of its business segments for the full year. The company’s 1987 results were restated to show a reduction due to accounting changes at ITT Financial Corp. and ITT Defense Technology Corp.