Illinois Tool Works Q3 Profit Down - Quick Facts

(RTTNews) - Illinois Tool Works Inc. (ITW) Monday reported third-quarter profit of $452 million or $1.01 per share, down from $524 million or $1.12 per share in the same period last year.

On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.94 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $3.57 billion from $3.73 billion last year. Analysts expected revenues of $3.59 billion.

Looking ahead, the company has forecast fourth-quarter earnings from continuing operations in the range of $0.85 to $0.93 per share. Analysts currently expect fourth-quarter earnings of $0.92 per share.

For the fiscal 2013, the company projects earnings in a range of $3.56 to $3.64 per share. Analysts currently expect full-year earnings of $3.84 per share.