Investing.com - Illinois Tool Works (NYSE:ITW) reported second quarter earnings that beat analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $2 on revenue of $3.61B. Analysts polled by Investing.com expected EPS of $1.98 on revenue of $3.73B. That compared to EPS of $1.97 on revenue of $3.83B in the same period a year earlier. The company had reported EPS of $1.81 on revenue of $3.55B in the previous quarter.
Illinois Tool Works shares lost 0.54% to trade at $157.79 in pre-market trade following the report.
For the year, Illinois Tool Works shares are up 25.22%, outperforming the S&P 500 which is up 21.26% year to date.
Illinois Tool Works follows other major Consumer Cyclical sector earnings this month
On Thursday, June 27, 2019, Nike reported fourth quarter EPS of $0.62 on revenue of $10.18B, compared to forecasts of EPS of $0.66 on revenue of $10.16B.
Volkswagen Pref ADR earnings beat analyst's expectations on Thursday, with second quarter EPS of $0.88 on revenue of $72.74B. Investing.com analysts expected EPS of $0.85 on revenue of $69.79B
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