Illinois Tool Works Q2 Earnings Top Estimates; Trims FY24 Outlook

RTTNews | 370 dias atrás
Stocktwits
Illinois Tool Works Q2 Earnings Top Estimates; Trims FY24 Outlook

(RTTNews) - Illinois Tool Works, Inc. (ITW) reported Tuesday that net income for the first quarter increased to $759 million or $2.54 per share from $754 million or $2.48 per share in the year-ago quarter.

Operating revenue for the quarter edged down 1.2 percent to $4.03 billion from $4.07 billion in the same quarter last year, with flat organic revenues.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $2.48 per share on revenues of $4.08 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects earnings in a range of $10.30 to $10.40 per share on flat revenue growth and organic revenue growth.

Previously, the company expected earnings in the range of $10.30 to $10.70 per share on revenue growth of 2 to 4 percent, with organic revenue growth of 1 to 3 percent.

The Street was looking for earnings of $10.35 per share on revenue growth of 1.3 percent to $16.31 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Marcadores : ITW
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Illinois Tool Works Q1 Earnings Top Estimates; Boosts FY24 EPS Outlook

Illinois Tool Works Q1 Earnings Top Estimates; Boosts FY24 EPS Outlook

Illinois Tool Works, Inc. (ITW) reported Tuesday that net income for the first quarter increased to $819 million or $2.73 per share from $714 million or $2.33 per share in the year-ago quarter. Excluding items, adjusted net income for the quarter was $2.44 per share.
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BoJ Minutes: Japan Economy Continues To Recover

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Members of the Bank of Japan's Monetary Policy Board felt that the country's economic recovery is continuing at an acceptable pace, minutes from the central bank's June 16-17 monetary policy meeting revealed on Tuesday - although it is starting to show signs of slowing.
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RTTNews | 9 minutos atrás
Renewed Support Likely For Malaysia Stock Market

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RTTNews | 39 minutos atrás
Japan Stock Market May Stop The Bleeding On Tuesday

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The Japan stock market has moved lower in two straight sessions, tumbling almost 780 points or 1.8 percent along the way. The Nikkei 225 now sits just shy of the 40,300-point plateau although it's due for support on Tuesday.
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South Korea Inflation Rises 0.2% In July

South Korea Inflation Rises 0.2% In July

Overall consumer prices in South Korea were up a seasonally adjusted 0.2 percent on month in July, Statistics Korea said on Tuesday.
RTTNews | 59 minutos atrás
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