Investing.com - Illinois Tool Works (NYSE:ITW) reported third quarter earnings that matched analyst's expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.9 on revenue of $3.61B. Analysts polled by Investing.com forecast EPS of $1.9 on revenue of $3.73B. That compared to EPS of $1.85 on revenue of $3.62B in the same period a year earlier. The company had reported EPS of $1.97 on revenue of $3.83B in the previous quarter.
Illinois Tool Works shares slightly moved 0.00% to trade at $126.57 in pre-market trade following the report.
For the year, Illinois Tool Works shares are down 24.35%, under-performing the S&P 500 which is up 2.12% year to date.
Illinois Tool Works follows other major Consumer Cyclical sector earnings this month
On September 25, Nike (NYSE:NKE) reported first quarter EPS of $0.67 on revenue of $9.95B, compared to forecasts of EPS of $0.63 on revenue of $9.93B.
VF earnings beat analyst's expectations on Friday, with second quarter EPS of $1.43 on revenue of $3.91B. Investing.com analysts expected EPS of $1.32 on revenue of $3.86B
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