Illinois Tool Works ITW reported its Q2 earnings results on Tuesday, August 2, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Illinois Tool Works reported in-line EPS of $2.21 versus an estimate of $2.21.
Revenue was up $335.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 4.31% increase in the share price the next day.
Here's a look at Illinois Tool Works's past performance:
|Quarter||Q1 2022||Q4 2021||Q3 2021||Q2 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Illinois Tool Works management provided guidance for FY 2022, expecting earnings between $9.0 and $9.4 per share.
To track all earnings releases for Illinois Tool Works visit their earnings calendar here.
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