— Illinois Tool Works’ (NYSE: ITW) third quarter 2019 GAAP earnings rose 7% year-over-year to $2.04 per share.
— Revenue decreased 3.5% to $3.50 billion vs. $3.54 billion expected.
— The company reaffirmed full-year 2019 GAAP EPS guidance of $7.55 to $7.85.
— FY19 organic revenue is expected to decline 1% to 3%.
— ITW shares were up about 3% in the pre-market trading session.
Benchmark stock indexes pared their recent gains early this week amid elevated inflation concerns, but regained a part of the momentum later aided by recovery in tech stocks. The Dow
Shares of Alibaba Group (NYSE: BABA) have dropped 10% since the beginning of the year. The company reported mixed results for the fourth quarter of 2021 a day ago, with
With some of its parks and resorts either closed or operating at reduced capacity even more than a year after the virus outbreak, The Walt Disney Company (NYSE: DIS) is