WASHINGTON (dpa-AFX) - Illinois Tool Works Inc (ITW) revealed a profit for second quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $738 million, or $2.37 per share. This compares with $775 M, or $2.45 per share, in last year's second quarter.
Analysts on average had expected the company to earn $2.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 9.0% to $4.01 billion from $3.68 billion last year.
Illinois Tool Works Inc earnings at a glance (GAAP) :
-Earnings (Q2): $738 Mln. vs. $775 M. last year. -EPS (Q2): $2.37 vs. $2.45 last year. -Analyst Estimates: $2.20 -Revenue (Q2): $4.01 Bln vs. $3.68 Bln last year.
-Guidance: Full year EPS guidance: $9.00 to $9.40
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