Stock Groups

Illinois Tool Works Earnings, Revenue Beat in Q3 -Breaking

by Mike Robinson

[ad_1]

© Reuters. Illinois Tool Works Earnings, Revenue Beat in Q3

Illinois Tool Works (NYSE 🙂 announced Thursday that the third quarter beat analyst forecasts. The company’s revenue exceeded expectations.

Illinois Tool Works reported earnings per share at $2.02 on revenues of $3.56B. Investing.com polled analyst to predict EPS of $2 for revenues of $3.55 billion.

Illinois Tool Works shares rose 8% over the first of the year but are 8.20% lower than its 52-week peak of $242.06, which was set May 10. They are under-performing the S&P 500 which is up 21.18% from the start of the year.

Illinois Tool Works is following other large Consumer Cyclical Sector earnings this month

The report by Illinois Tool Works follows an earnings beat achieved by Tesla, who on October 20 reported EPS at $1.86 for revenue $13.76B. This compares to the forecasts of EPS at $1.62 for revenue $14B.

Sony ADR’s second quarter earnings per share (EPS) of $1.51 on $20.84B in revenue was below expectations. This compares to the forecast of $1.56 for $21.21B revenue.

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

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]