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Illinois Tool Works posted strong Q1 earnings of $2.38 per share, exceeding forecasts and boosting its stock.
Illinois Tool Works Inc. (ITW) reported strong first-quarter earnings, beating estimates with $2.38 per share, and its stock opened at $261.87.
The company saw varied investor activity, with Kovack Advisors and Angeles Wealth Management reducing holdings, while HB Wealth Management and Mirae Asset Global Investments increased theirs.
ITW's market cap is $76.73 billion, and analysts forecast 10.39 EPS for the fiscal year.
The company also reported a 12.3% increase in net income.
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Illinois Tool Works registró fuertes ganancias del primer trimestre de $ 2.38 por acción, superando las previsiones y aumentando sus acciones.