Illinois Tool Works Inc Announces Increase In Q3 Income, Beats estimates

(RTTNews) - Illinois Tool Works Inc (ITW) reported a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $772 million, or $2.55 per share. This compares with $727 million, or $2.35 per share, in last year's third quarter.

Analysts on average had expected the company to earn $2.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.5% to $4.03 billion from $4.01 billion last year.

Illinois Tool Works Inc earnings at a glance (GAAP) :

-Earnings (Q3): $772 Mln. vs. $727 Mln. last year. -EPS (Q3): $2.55 vs. $2.35 last year. -Analyst Estimate: $2.46 -Revenue (Q3): $4.03 Bln vs. $4.01 Bln last year.

-Guidance: Full year EPS guidance: $9.65 to $9.85