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Daily News

ITW Narrows Third-Quarter Profit Forecast
Sep 16, 2003
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Manufacturer Illinois Tool Works Inc. narrowed its forecast for third-quarter earnings, saying it expects a boost from acquisitions and the weaker dollar to offset falling revenue in its core businesses.

The company said it expects to earn U.S. $0.79 cents to $0.84 a share from continuing operations in the third quarter ended Aug. 31, compared with its previous forecast for $0.77 to $0.87 a share.
The company said operating revenue increased 6 percent in the quarter.

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