Illinois Tool Works Inc. maintained its fourth-quarter earnings from continuing operations guidance on Monday. The industrial products maker still anticipates income from continuing operations of 54 cents to 66 cents per share, which implies revenue will be down 1 percent to up 5 percent compared with the third quarter.
Illinois Tool Works Inc. today reported an operating revenue decrease of 18 percent for the three months ended October 31, 2009. The revenue decline for the three months consisted of a 17 percent decrease in base revenues and a 4 percent decline in contributions from currency translation.
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