Illinois Tool Works Inc Q3 Earnings Advance 1%

(RTTNews) - Illinois Tool Works Inc (ITW) released a profit for its third quarter that increased compared to the same period last year.

The company said its bottom line climbed to $511 million, or $1.39 per share. This was up from $507 million, or $1.28 per share, in last year's third quarter.

Analysts had expected the company to earn $1.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.2% to $3.35 billion. This was down from $3.69 billion last year.

Illinois Tool Works Inc earnings at a glance:

-Earnings (Q3): $511 Mln. vs. $507 Mln. last year. -Earnings Growth (Y-o-Y): 0.8% -EPS (Q3): $1.39 vs. $1.28 last year. -EPS Growth (Y-o-Y): 8.6% -Analysts Estimate: $1.36 -Revenue (Q3): $3.35 Bln vs. $3.69 Bln last year. -Revenue Change (Y-o-Y): -9.2%

-Guidance: Next quarter EPS guidance: $1.15 - $1.25 Full year EPS guidance: $5.05 - $5.15