Benzinga | Oct 23, 2020 08:03AM EDT

Illinois Tool Works Q3 EPS $1.83 Beats $1.46 Estimate, Sales $3.30B Beat $2.97B Estimate

Illinois Tool Works (NYSE:ITW) reported quarterly earnings of $1.83 per share which beat the analyst consensus estimate of $1.46 by 25.34 percent. This is a 10.29 percent decrease over earnings of $2.04 per share from the same period last year. The company reported quarterly sales of $3.30 billion which beat the analyst consensus estimate of $2.97 billion by 11.11 percent. This is a 5.15 percent decrease over sales of $3.48 billion the same period last year.