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Illinois Tool Works tumbles despite Q2 beat as analyst cites auto margins

Jul. 30, 2021 10:30 AM ETIllinois Tool Works Inc. (ITW) StockITWBy: Carl Surran, SA News Editor7 Comments

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  • Illinois Tool Works (ITW -2.6%) opens sharply lower even after beating expectations of Q2 earnings and revenues, and raising full-year guidance.
  • Q2 net income jumped to $775M from $319M in the year-ago period, while operating revenues surged

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