GLENVIEW, Ill. (AP) 鈥� GLENVIEW, Ill. (AP) 鈥� Illinois Tool Works Inc. (ITW) on Tuesday reported second-quarter profit of $815 million.
On a per-share basis, the Glenview, Illinois-based company said it had net income of $2.84.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.80 per share.
The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $4.3 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $4.18 billion.
Illinois Tool Works expects full-year earnings to be $11.35 to $11.55 per share.
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