Illinois Tool Works (NYSE 🙂 announced Tuesday that the first quarter exceeded analysts’ expectations and that revenue was higher than expected.

Illinois Tool Works reported earnings per share at $2.06 on revenues of $3.94B. Investing.com polled analyst to predict EPS of $2.06 based on $3.75 billion in revenue.

Illinois Tool Works shares have fallen 18% since the start of the year. However, they are still 19.94% below their 52-week high of $249.81 on January 5. They are under-performing the S&P 500 which is down 12.82% from the start of the year.

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

Illinois Tool Works reports on United Parcel Service’s earnings beat on April 26, reporting EPS $3.05 per share on $24.38B in revenue, as opposed to their forecasts EPS $2.89 on $23.82B.

Union Pacific beat all expectations with a first quarter earnings per share of $2.57 on $5.86B in revenue, as compared to the forecast of EPS at $2.56 for $5.71B.

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