Illinois Tool Works Inc (ITW) released a profit for its second quarter that rose from last year.
The company said its bottom line advanced to $587 million, or $1.69 per share. This was up from $525 million, or $1.46 per share, in last year's second quarter.
Analysts had expected the company to earn $1.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 5.0% to $3.60 billion. This was up from $3.43 billion last year.
Illinois Tool Works Inc earnings at a glance:
-Earnings (Q2): $587 Mln. vs. $525 Mln. last year.
-Earnings Growth (Y-o-Y): 11.8%
-EPS (Q2): $1.69 vs. $1.46 last year.
-EPS Growth (Y-o-Y): 15.8%
-Analysts Estimate: $1.64
-Revenue (Q2): $3.60 Bln vs. $3.43 Bln last year.
-Revenue Change (Y-o-Y): 5.0%
-Guidance:
Next quarter EPS guidance: $1.57 to $1.67
Full year EPS guidance: $6.32 to $6.52
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