Illinois Tool Works (ITW) +3.1%) moves up on a mixed Q1 report that came in line on a per share...

|About: Illinois Tool Works Inc. (ITW)|By:, SA News Editor

Illinois Tool Works (ITW) +3.1%) moves up on a mixed Q1 report that came in line on a per share basis but short on revenue. Net profit fell 27% Y/Y, as losses from discontinued operations and weaker organic revenue weighed on its bottom line. Investors appear to be taking a narrow improvement in current quarter revenue guidance to lift the shares higher today. The company now expects Q2 revenue to increase between 2.5% to 3.5%, while analysts had been anticipating a 3% revenue decline.