Illinois Tool guides low, falls

Investor's Business Daily

The diversified manufacturer said Q4 EPS rose 1% to 89 , in line with estimates. Revenue rose 2% to $4.2 bil, but fell short of estimates for $4.3 bil. Revenue from the N. American division rose 1.6%, while international revenue fell 0.5%. The Transportation segment saw a 4.2% jump in revenue growth, and revenue at the Construction division rose 1.3%. The Power Systems & Electronics, Food Equipment and Industrial Packaging units saw a decline in revenue. Illinois Tool (ITW) sees full-year EPS of $4.13- $4.37, below analyst expectations for $4.38. Shares fell 2% to 64.14.

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