Illinois Tool Works: Q3 Earnings Snapshot

GLENVIEW, Ill. (AP) — GLENVIEW, Ill. (AP) — Illinois Tool Works Inc. (ITW) on Tuesday reported third-quarter net income of $855 million.

On a per-share basis, the Glenview, Illinois-based company said it had profit of $3.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.99 per share.

The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $4.24 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $4.26 billion.

Illinois Tool Works expects full-year earnings to be $11.45 to $11.55 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITW at https://www.zacks.com/ap/ITW