Investing.com - Illinois Tool Works (NYSE:ITW) reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Illinois Tool Works announced earnings per share of $1.83 on revenue of $3.31B. Analysts polled by Investing.com anticipated EPS of $1.46 on revenue of $2.96B.
Illinois Tool Works shares are up 12% from the beginning of the year, still down 2.90% from its 52 week high of $207.75 set on October 16. They are outperforming the S&P 500 which is up 6.89% from the start of the year.
Illinois Tool Works shares gained 0.14% in pre-market trade following the report.
Illinois Tool Works follows other major Consumer Cyclical sector earnings this month
Illinois Tool Works's report follows an earnings beat by Tesla on Wednesday, who reported EPS of $0.76 on revenue of $8.77B, compared to forecasts EPS of $0.57 on revenue of $8.26B.
Ferrari NV had missed expectations on September 24 with third quarter EPS of $0.05 on revenue of $670.24M, compared to forecast for EPS of $0.06 on revenue of $670.08M.
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