Illinois Tool Works Earnings Beat Expectations at $0.14, But Profit Falls Short

According to the report from Illinois Tool Works (NYSE: ITW), the earnings per share for the third quarter were $2.65, exceeding analysts' expectations of $2.51 by $0.14. The reported profit for this quarter was determined to be $4 billion, while analyst expectations stood at $4.02 billion.

For fiscal year 2024, Illinois Tool Works has set earnings per share guidance at $11.63-$11.73, whereas analyst forecasts were $10.17.

Illinois Tool Works shares closed the day at $256.04, indicating a 5.00% increase over the past three months. The stock has gained 14.24% over the last 12 months.

In the last 90 days, Illinois Tool Works reported 1 positive earnings per share and 10 negative earnings per share.

You can review how Illinois Tool Works' stock price reacted to past earnings reports. According to InvestingPro, Illinois Tool Works has a financial health score of "Quite Good."

You can also explore the latest earnings reports and all financial information regarding Illinois Tool Works. Stay informed about all developments related to earnings by visiting the Investing.com Earnings Calendar.