Illinois Tool Works Inc Q2 adjusted earnings Beat Estimates

(RTTNews) - Illinois Tool Works Inc (ITW) released a profit for second quarter that fell from the same period last year.

The company's bottom line totaled $623 million, or $1.91 per share. This compares with $666 million, or $1.97 per share, in last year's second quarter.

Analysts had expected the company to earn $1.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.7% to $3.61 billion from $3.83 billion last year.

Illinois Tool Works Inc earnings at a glance:

-Analysts Estimate: $1.98 -Revenue (Q2): $3.61 Bln vs. $3.83 Bln last year.

-Guidance: Full year EPS guidance: $7.55 to $7.85