Earnings expectations and sales forecast exceeded in Q3 By Investing.com

© Reuters. Illinois Tool Works Quarterly Results: Earnings Expectations and Sales Forecasts Exceeded in Q3

Investing.com – Illinois Tool Works released its Thursday, beating earnings expectations. The company was able to surpass the sales forecast.

The company reported earnings per share of $ 2.02. Sales were $ 3.56B. Economists polled by Investing.com had estimated earnings per share of $ 2 ahead of the quarterly results, while sales were estimated at $ 3.55B.

Illinois Tool Works shares were up 0.00% in the pre-trading period to $ 222.20.

Projected over the year, the Illinois Tool Works share is up 8% and thus shows a poorer performance than the S&P 500, which is up 21%.

Illinois Tool Works is emulating other cyclical consumer products companies in this reporting season

On October 20, Tesla reported third quarter earnings per share of $ 1.86 and revenue of $ 13.76B. Economists had expected earnings per share of $ 1.62 and sales of $ 14B.

Sony ADR missed analyst expectations on Thursday. For the second quarter, earnings per share were $ 1.51 and sales were $ 20.84B. Analysts polled by Investing.com had forecast earnings per share of $ 1.56 and revenue of $ 21.21B.

Stay tuned during the reporting season … with the Exchange dates from Investing.com

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.