Illinois Tool Works (ITW) Tops Q2 EPS by 6c; Boosts FY16 EPS Outlook

Illinois Tool Works (NYSE: ITW) reported Q2 EPS of $1.46, $0.06 better than the analyst estimate of $1.40. Revenue for the quarter came in at $3.43 billion versus the consensus estimate of $3.41 billion.

GUIDANCE:

Illinois Tool Works sees FY2016 EPS of $5.50-$5.70, versus prior guidance of $5.40-$5.60 and the consensus of $5.52.

For earnings history and earnings-related data on Illinois Tool Works (ITW) click here.

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