Illinois Tool Works Inc Reveals 2% Advance In Q1 Bottom Line

(RTTNews) - Illinois Tool Works Inc (ITW) reported a profit for its first quarter that gained ground from last year.

The company said its bottom line rose to $468 million, or $1.29 per share. This was higher than $458 million, or $1.21 per share, in last year's first quarter.

Analysts had expected the company to earn $1.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.1% to $3.27 billion. This was down from $3.34 billion last year.

Illinois Tool Works Inc earnings at a glance:

-Earnings (Q1): $468 Mln. vs. $458 Mln. last year. -Earnings Growth (Y-o-Y): 2.2% -EPS (Q1): $1.29 vs. $1.21 last year. -EPS Growth (Y-o-Y): 6.6% -Analysts Estimate: $1.26 -Revenue (Q1): $3.27 Bln vs. $3.34 Bln last year. -Revenue Change (Y-o-Y): -2.1%

-Guidance: Next quarter EPS guidance: $1.34 - $1.44 Full year EPS guidance: $5.40 - $5.60