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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Illinois Tool Works Inc | NYSE:ITW | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.88 | 0.78% | 243.92 | 244.52 | 241.24 | 243.16 | 929,925 | 21:21:04 |
From May 2019 to May 2024
By Patrick Thomas
Illinois Tool Works Inc. (ITW) said its profit rose for its third quarter, beating Wall Street estimates, while revenue fell nearly 4% from a year earlier.
The Glenview, Ill.- based industrial conglomerate reported a profit of $660 million, or $2.04 a share, compared with $638 million, or 1.90 a share, a year ago.
Analysts polled by FactSet were expecting earnings of $1.94 a share.
Revenue fell to $3.48 billion from $3.61 billion a year earlier. Analysts had expected $3.54 billion of revenue in the quarter. The company said it expects organic revenue to be down 1% to 3% for its 2019 fiscal year.
"While the demand environment continued to moderate across a broad cross section of our portfolio, we delivered another solid quarter with excellent operational execution," Chief Executive E. Scott Santi said.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
October 25, 2019 08:25 ET (12:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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