Illinois Tool Works Q3 EPS $3.00 Beats $2.97 Estimate, Sales $4.236B Miss $4.259B Estimate

Illinois Tool Works (NYSE:ITW) reported quarterly earnings of $3.00 per share which beat the analyst consensus estimate of $2.97 by 1.01 percent. This is a 6.76 percent increase over earnings of $2.81 per share from the same period last year. The company reported quarterly sales of $4.236 billion which missed the analyst consensus estimate of $4.259 billion by 0.55 percent. This is a 4.36 percent increase over sales of $4.059 billion the same period last year.