Investing.com - Illinois Tool Works (NYSE:ITW) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Illinois Tool Works announced earnings per share of $2.35 on revenue of $4.00. Analysts polled by Investing.com anticipated EPS of $2.25 on revenue of $3.9B.
Illinois Tool Works shares are down 18% from the beginning of the year and are trading at $200.78 , down-from-52-week-high.
Illinois Tool Works follows other major Industrials sector earnings this month
Illinois Tool Works's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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