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Illinois Tool Works: Q3 Earnings Beat the Estimates

Peter Neil
Illinois Tool Works: Q3 Earnings Beat the Estimates

Illinois Tool Works (ITW) reported its third-quarter earnings on October 24. The company reported an EPS of $1.90—an increase of 11% compared to the previous year. Illinois Tool Works managed to beat analysts’ estimates of $1.88 per share. However, the company didn’t meet the revenue expectations. The company reported revenues of $3.61 billion—flat compared to the previous year. Analysts expected Illinois Tool Works to post revenues of $3.72 billion.