Reported about 14 hours ago
Illinois Tool Works exceeded earnings expectations for the quarter, earning $2.44 per share on $3.8 billion in sales, but faced a 3.4% decline in revenues year-over-year due to tariff impacts and sluggish demand. As a result, shares dropped 4%, raising concerns among investors, although the company maintains a strong long-term outlook and continues to address tariff-related challenges.
Source: YAHOO