Illinois Tool Works Inc. backed its second-quarter guidance Friday, saying its total revenue should grow 5% to 11% when compared to the prior quarter. The Glenview, Ill., manufacturer expects earnings from continuing operations to be in the range of 25 cents to 37 cents a share. For the three months ended April 30, Illinois Tool Works said operating revenue fell 25%. Base revenues appear to be stabilizing, the company said. Shares of Illinois Tool Works fell 1.3% in premarket trading to $33.09.
Disclosure I am long ITW shares.
Consumer-Goods Basic-Materials ETF'S Services Industrial-Goods Black Gold(OIL) Technology Bonds Links Financial Dividend-Increasers Emerging Markets Commodities HealthCare Inflation IRA Large Cap Shipping Utilities Cefs Small Caps Fees Monthly Dividend Reits Currency 8%+ Dividend Food Fixed Income Agricultural Precious metals Dividend Declared Insurance Earnings Miss Earnings Surprise Silver Insider Buying MLP'S Stock Splits 2 - 5% Dividend Tips For NEW Investors Banks Global etfs Aerospace Computers Index Funds Preferred Stocks New ETFS Ultrashort Etfs Asset Management Chemicals Hedged Etfs 5-8% Dividend Bio-Tech Build America Bonds ETN'S Investment Brokerage Semiconductors Steel Bad Picks Dividend Cut Mortgage Retail Special Dividend 10+++% Dividend 2 - 5% dividend Audio Podcasts Bankruptcy Diversified Investments Dividend Axed Equity Offering Natural Gas Office