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Illinois Tool Works Inc Bottom Line Climbs In Q2

Illinois Tool Works Inc (ITW) revealed earnings for its second quarter that advanced from last year.

The company's profit came in at $775 million, or $2.45 per share. This compares with $319 million, or $1.01 per share, in last year's second quarter.

Analysts had expected the company to earn $2.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 43.8% to $3.68 billion from $2.56 billion last year.

Illinois Tool Works Inc earnings at a glance:

-Earnings (Q2): $775 Mln. vs. $319 Mln. last year.
-EPS (Q2): $2.45 vs. $1.01 last year.
-Analysts Estimate: $2.05
-Revenue (Q2): $3.68 Bln vs. $2.56 Bln last year.

-Guidance:
Full year EPS guidance: $8.55 to $8.95

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