Illinois Tool Works (ITW) Tops Q2 Earnings Estimates

Illinois Tool Works (ITW) came out with quarterly earnings of $2.54 per share, beating the Zacks Consensus Estimate of$ 2.45 per share. This compares to earnings of $2.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.67%. A quarter ago, it was expected that this equipment manufacturer for the transportation, power, food and construction industries would post earnings of$ 2.35 per share when it actually produced earnings o ...