Plus   Neg

Illinois Tool Works Inc Profit Rises In Q1

Illinois Tool Works Inc (ITW) announced earnings for its first quarter that rose from last year.

The company's earnings came in at $652 million, or $1.90 per share. This compares with $536 million, or $1.54 per share, in last year's first quarter.

Analysts had expected the company to earn $1.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.8% to $3.74 billion from $3.47 billion last year.

Illinois Tool Works Inc earnings at a glance:

-Earnings (Q1): $652 Mln. vs. $536 Mln. last year.
-EPS (Q1): $1.90 vs. $1.54 last year.
-Analysts Estimate: $1.78
-Revenue (Q1): $3.74 Bln vs. $3.47 Bln last year.

Full year EPS guidance: $7.60 to $7.80

For comments and feedback contact: editorial@rttnews.com

Follow RTT