Illinois Tool Works: Q4 Earnings Snapshot
GLENVIEW, Ill. (AP) _ Illinois Tool Works Inc. (ITW) on Thursday reported fourth-quarter profit of $907 million.The Glenview, Illinois-based compan...
GLENVIEW, Ill. (AP) _ Illinois Tool Works Inc. (ITW) on Thursday reported fourth-quarter profit of $907 million.The Glenview, Illinois-based company said it had net income of $2.95 per share. Earnings, adjusted for non-recurring gains, came to $2.34 per share. The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.60 per share. The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $3.