Illinois Tool Works shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Illinois Tool Works reported lower than expected Q2 revenue results and issued FY23 guidance, causing its shares to trade lower.
August 04, 2023 | 9:09 am
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Illinois Tool Works' shares are trading lower due to worse-than-expected Q2 revenue results and FY23 guidance.
Illinois Tool Works' lower than expected Q2 revenue results and the issued FY23 guidance have negatively impacted investor sentiment, leading to a decrease in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100