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Illinois Tool Works predicts 4Q profit

Illinois Tool Works issues 4th-quarter profit prediction of 54 cents to 66 cents per share

  • On 11:35 am EDT, Tuesday October 20, 2009

GLENVIEW, Ill. (AP) -- Illinois Tool Works Inc., which makes industrial products, said Tuesday it expects to post a fourth-quarter profit from continuing operations of between 54 cents and 66 cents per share.

Analysts polled by Thomson Reuters expect a profit of 56 cents per share.

Also on Tuesday, the company released third-quarter results that beat Wall Street predictions.

In morning trading, Illinois Tool shares rose $1.24, or 2.7 percent, to $47.46.

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