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Illinois Tool (ITW) Q3 Earnings Beat Estimates, Revenues Lag
Illinois Tool Works Inc. ITW has delivered better-than-expected results for third-quarter 2019, with a positive earnings surprise of 5.2%. This was the fifth consecutive quarter of impressive results.
The industrial tool maker’s earnings in the reported quarter were $2.04 per share, surpassing the Zacks Consensus Estimate of $1.94. On a year-over-year basis, the bottom line grew 7.4% from the year-ago quarter figure of $1.90, driven by margin improvement and a 3.4% fall in share count.
Notably, forex woes adversely impacted earnings by 5 cents per share.
Revenues Decline Y/Y
Illinois Tool generated revenues of $3,479 million in the reported quarter, reflecting a decline of 3.7% from the year-ago figure.
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https://finance.yahoo.com/news/illinois-...01649.html
![[Bild: ITWc1dl0755.png]](https://finviz.com/publish/102619/ITWc1dl0755.png)
Illinois Tool Works Inc. ITW has delivered better-than-expected results for third-quarter 2019, with a positive earnings surprise of 5.2%. This was the fifth consecutive quarter of impressive results.
The industrial tool maker’s earnings in the reported quarter were $2.04 per share, surpassing the Zacks Consensus Estimate of $1.94. On a year-over-year basis, the bottom line grew 7.4% from the year-ago quarter figure of $1.90, driven by margin improvement and a 3.4% fall in share count.
Notably, forex woes adversely impacted earnings by 5 cents per share.
Revenues Decline Y/Y
Illinois Tool generated revenues of $3,479 million in the reported quarter, reflecting a decline of 3.7% from the year-ago figure.
...
https://finance.yahoo.com/news/illinois-...01649.html
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