Investing.com - Illinois Tool Works (NYSE:ITW) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Illinois Tool Works announced earnings per share of $1.93 on revenue of $3.7B. Analysts polled by Investing.com anticipated EPS of $1.89 on revenue of $3.53B.
Illinois Tool Works shares are down 4% from the beginning of the year and are trading at $235.97 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 3.71% from the start of the year.
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 $3.59 on revenue of $27.85B, compared to forecasts EPS of $3.09 on revenue of $27.06B.
Union Pacific had beat expectations on Thursday, January 20, 2022 with fourth quarter EPS of $2.66 on revenue of $5.73B, compared to forecast for EPS of $2.61 on revenue of $5.6B.
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