Illinois Tool Works Q3 2024 Adj. EPS $2.65 Beats $2.53 Estimate, Sales $3.966B Miss $4.017B Estimate
Portfolio Pulse from Benzinga Newsdesk
Illinois Tool Works reported Q3 2024 earnings per share of $2.65, surpassing the analyst estimate of $2.53. However, their sales of $3.966 billion fell short of the expected $4.017 billion, marking a 1.61% decrease from the previous year.
October 30, 2024 | 12:02 pm
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Illinois Tool Works reported better-than-expected Q3 2024 EPS of $2.65, but sales missed estimates at $3.966 billion, a 1.61% decrease from last year.
The positive EPS surprise is offset by the sales miss and year-over-year decline, leading to a neutral short-term impact on ITW's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100