Thursday, July 19, 2007

Illinois Tool posts higher profit, raises outlook

(Reuters) - CHICAGO, July 19 - Diversified manufacturer Illinois Tool Works Inc. on Thursday posted a higher quarterly profit and raised its full-year financial forecast as demand overseas offset weakness in North America.



Net income in the second quarter rose almost 9 percent to $505.6 million, or 90 cents a share, compared with $465.9 million, or 81 cents a share, in the year-earlier quarter.


Read more at Reuters.com Mergers News

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