Illinois Tool Works Earnings, Revenue Beat in Q2
2022.08.02 16:38
Illinois Tool Works Earnings, Revenue Beat in Q2
Investing.com – Illinois Tool Works (NYSE:ITW) reported on Tuesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Illinois Tool Works announced earnings per share of $2.37 on revenue of $4.01B. Analysts polled by Investing.com anticipated EPS of $2.21 on revenue of $3.97B.
Illinois Tool Works shares are down 15% from the beginning of the year, still down 17.00% from its 52 week high of $249.81 set on January 5. They are under-performing the S&P 500 which is down 13.59% from the start of the year.
Illinois Tool Works shares lost 1.57% in pre-market trade following the report.
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 July 26, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on July 21 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
