Illinois Tool Works (NYSE) reported Thursday’s fourth quarter results that exceeded analysts’ expectations and generated revenue above all estimates.

Illinois Tool Works posted earnings per share (EPS) of $1.93 for revenue $3.7B. Investing.com polled analysts and predicted an EPS of $1.89 for revenue of $3.53B.

Illinois Tool Works shares fell 4% over the first of the year. They are also down 5.54% from their 52-week peak of $249.81, which was set January 5. They are broadly in line with the S&P 500 which is down 3.71% from the start of the year.

Illinois Tool Works is following other significant Industrials sector earnings in this month

The report by Illinois Tool Works follows a beating of United Parcel Service’s earnings on Tuesday. They reported EPS at $3.59 for revenue $27.85B. This compares to the forecasts of EPS at $3.09 for revenue $27.06B.

Union Pacific exceeded expectations by beating forecasts on January 20, with fourth-quarter EPS (EPS) of $2.66, on revenue $5.73B. This compares to the $2.61 expected on revenue $5.6B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar