Illinois Tool Works Inc Q3 Earnings Climb 20%

(RTTNews) - Illinois Tool Works Inc (ITW) announced a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line rose to $640 million, or $1.85 per share. This was higher than $535 million, or $1.50 per share, in last year's third quarter.

Analysts had expected the company to earn $1.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.4% to $3.62 billion. This was up from $3.50 billion last year.

Illinois Tool Works Inc earnings at a glance:

-Earnings (Q3): $640 Mln. vs. $535 Mln. last year. -Earnings Growth (Y-o-Y): 19.6% -EPS (Q3): $1.85 vs. $1.50 last year. -EPS Growth (Y-o-Y): 23.3% -Analysts Estimate: $1.65 -Revenue (Q3): $3.62 Bln vs. $3.50 Bln last year. -Revenue Change (Y-o-Y): 3.4%

-Guidance: Next quarter EPS guidance: $1.55 to $1.65 Full year EPS guidance: $6.62 to $6.72