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Illinois Tool Works shares jump more than 2% after profit-beating earnings [MarketWatch]

ILLINOIS TOOL WORKS (ITW)  More Company Research Source: MarketWatch
Last illinois tool works earnings: 4/26 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.itw.com
PDF Illinois Tool Works shares jump more than 2% after profit-beating earnings llinois Tool Works Inc. shares ITW, -0.19% rose 2.3% in premarket trade Wednesday, after the industrial manufacturer topped fourth-quarter earnings estimates, raised guidance and said it would work to accelerate a previous plan to pay a higher dividend. The company said it had a loss per share of $76 million, or 22 cents a share, in the quarter, as it took a one-time, $628 million tax charge. The company had earnings of $507 million, or $1.45 a share, in the year-earlier period. Adjusted for the tax charge, the company had EPS of $1.70, beating the FactSet consensus of $1.61. Revenue rose 7% to $3.6 billion, also ahead of the FactSet consensus of $3.5 billion. The company said it is raising its full-year guidance by 40 cents at the midpoint, to a range of $7.45 to $7.65 a share. For the first quarter, it expects EPS of $1.80 to $1.90. The FactSet consensus is for 2018 EPS of $7.40 and first-quarter EPS of $1 [Read more]

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