Illinois Tool Works Inc Reports Results for the Quarter Ended in June – Earnings Summary

* Illinois Tool Works Inc reported quarterly adjusted earnings of $1.97 per share. The mean expectation of 18 analysts for the quarter that ended in June was for earnings of $1.97 per share. * Revenue rose 6.4 percent to $3.83 billion from a year ago; analysts expected $3.84 billion. * Illinois Tool Works Inc’s Reported EPS for the quarter was $1.97. * The mean earnings estimate of analysts had risen by about 0.3 percent in the last three months. * In the last 30 days two analysts have negatively revised earnings estimates and three analysts have revised earnings estimates upward. * Illinois Tool Works Inc shares had risen by 6.0 percent this quarter and lost 12.0 percent so far this year. * The Glenview, Illinois-based company reported quarterly net income of $666 million. * Illinois Tool Works Inc is a member of the S&P 500. This summary was machine generated July 23 at 12:24 p.m. GMT.

Source: Read Full Article