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More on Illinois Tool Works (ITW -3.3%) Q2: net profit jumps 77% to $881M, reflecting major...

More on Illinois Tool Works (ITW -3.3%) Q2: net profit jumps 77% to $881M, reflecting major gains from discontinued operations. Cuts FY guidance, now predicts EPS of $4.03-4.19 on revenue growth of 1-3% vs. prior estimate of $4.14-4.38 and 5-7%. For FQ3, forecasts $1.03-1.11 on flat revenue vs. consensus of $1.10 and +5% to $4.83B.
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