Investing.com - Illinois Tool Works (NYSE:ITW) reported fourth quarter earnings that beat analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.83 on revenue of $3.58B. Analysts polled by Investing.com anticipated EPS of $1.82 on revenue of $3.61B. That compared to EPS of $1.7 on revenue of $3.63B in the same period a year earlier. The company had reported EPS of $1.9 on revenue of $3.61B in the previous quarter.
Illinois Tool Works shares lost 2.41% to trade at $134.00 in pre-market trade following the report.
Illinois Tool Works shares lost 2.41% to trade at $134.00 in pre-market trade following the report.
For the year, Illinois Tool Works shares are up 8.38%, under-performing the S&P 500 which is up 9.58% year to date.
Illinois Tool Works follows other major Consumer Cyclical sector earnings this month
On Tuesday, Louis Vuitton ADR reported fourth quarter EPS of $1.56 on revenue of $15.65B, compared to forecasts of EPS of $1.5 on revenue of $15.78B.
Sony ADR earnings beat analyst's expectations on Friday, with third quarter EPS of $3.11 on revenue of $40.1B. Investing.com analysts expected EPS of $1.71 on revenue of $24.01B
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