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Illinois Tool Works announced earnings per share of $1.01 on revenue of $2.56B. Analysts polled by Investing.com anticipated EPS of $0.7 on revenue of $2.33B.
Illinois Tool Works shares are up 3% from the beginning of the year , still down 2.71% from its 52 week high of $190.85 set on February 20. They are outperforming the S&P 500 which is up 0.48% from the start of the year.
Illinois Tool Works shares gained 2.33% in pre-market trade following the report.
Illinois Tool Works’s report follows an earnings beat by Tesla on July 22, who reported EPS of $2.18 on revenue of $6.04B, compared to forecasts EPS of $0 on revenue of $5.15B.
Louis Vuitton ADR had missed expectations on Sunday with second quarter EPS of $0.24 on revenue of $9.18B, compared to forecast for EPS of $1.73 on revenue of $8.42B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
