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

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.
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