Illinois Tool Works Inc Earnings Fall In Q1

(RTTNews) - Illinois Tool Works Inc (ITW) announced a profit for first quarter that declined from last year.

The company's earnings came in at $597 million, or $1.81 per share. This compares with $652 million, or $1.90 per share, in last year's first quarter.

Analysts had expected the company to earn $1.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.1% to $3.55 billion from $3.74 billion last year.

Illinois Tool Works Inc earnings at a glance:

-Earnings (Q1): $597 Mln. vs. $652 Mln. last year. -EPS (Q1): $1.81 vs. $1.90 last year. -Analysts Estimate: $1.81 -Revenue (Q1): $3.55 Bln vs. $3.74 Bln last year.

-Guidance: Full year EPS guidance: $7.90 to $8.20