Investing.com - Illinois Tool Works (NYSE:ITW) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Illinois Tool Works announced earnings per share of $2.35 on revenue of $4.00. Analysts polled by Investing.com anticipated EPS of $2.25 on revenue of $3.9B.
Illinois Tool Works shares are down 18% from the beginning of the year, still down 19.63% from its 52 week high of $249.81 set on January 5.
Illinois Tool Works follows other major Industrials sector earnings this month
Illinois Tool Works's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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