Investing.com - Illinois Tool Works (NYSE:ITW) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Illinois Tool Works announced earnings per share of $2.02 on revenue of $3.56B. Analysts polled by Investing.com anticipated EPS of $2 on revenue of $3.55B.
Illinois Tool Works shares are up 8% from the beginning of the year, still down 8.20% from its 52 week high of $242.06 set on May 10. They are under-performing the S&P 500 which is up 21.18% from the start of the year.
Illinois Tool Works follows other major Consumer Cyclical sector earnings this month
Illinois Tool Works's report follows an earnings beat by Tesla on October 20, who reported EPS of $1.86 on revenue of $13.76B, compared to forecasts EPS of $1.62 on revenue of $14B.
Sony ADR had missed expectations on Thursday with second quarter EPS of $1.51 on revenue of $20.84B, compared to forecast for EPS of $1.56 on revenue of $21.21B.
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