Illinois Tool Works Earnings inline, Revenue Beats In Q1
2022.05.03 15:41
Illinois Tool Works Earnings inline, Revenue Beats In Q1
Investing.com – Illinois Tool Works (NYSE:ITW) reported on Tuesday first quarter earnings that matched analysts’ forecasts and revenue that topped expectations.
Illinois Tool Works announced earnings per share of $2.06 on revenue of $3.94B. Analysts polled by Investing.com anticipated EPS of $2.06 on revenue of $3.75B.
Illinois Tool Works shares are down 18% from the beginning of the year, still down 19.94% from its 52 week high of $249.81 set on January 5. They are under-performing the S&P 500 which is down 12.82% from the start of the year.
Illinois Tool Works follows other major Industrials sector earnings this month
Illinois Tool Works’s report follows an earnings beat by United Parcel Service on April 26, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on April 21 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
