Illinois Tool Works Inc (ITW) released earnings for its fourth quarter that rose from last year.
The company's bottom line totaled $641 million, or $1.99 per share. This compares with $607 million, or $1.83 per share, in last year's fourth quarter.
Analysts had expected the company to earn $1.85 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.1% to $3.47 billion from $3.58 billion last year.
Illinois Tool Works Inc earnings at a glance:
-Earnings (Q4): $641 Mln. vs. $607 Mln. last year.
-EPS (Q4): $1.99 vs. $1.83 last year.
-Analysts Estimate: $1.85
-Revenue (Q4): $3.47 Bln vs. $3.58 Bln last year.
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