Illinois Tool Works Inc Q3 Income Climbs 5%

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

The company said its bottom line advanced to $535 million, or $1.50 per share. This was higher than $511 million, or $1.39 per share, in last year's third quarter.

Analysts had expected the company to earn $1.49 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.5% to $3.50 billion. This was up from $3.35 billion last year.

Illinois Tool Works Inc earnings at a glance:

-Earnings (Q3): $535 Mln. vs. $511 Mln. last year. -Earnings Growth (Y-o-Y): 4.7% -EPS (Q3): $1.50 vs. $1.39 last year. -EPS Growth (Y-o-Y): 7.9% -Analysts Estimate: $1.49 -Revenue (Q3): $3.50 Bln vs. $3.35 Bln last year. -Revenue Change (Y-o-Y): 4.5%

-Guidance: Next quarter EPS guidance: $1.31 to $1.41 Full year EPS guidance: $5.56 to $5.66