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.
Illinois tool is a good company.
ReplyDelete