Illinois Tool Works Falls on FX Impacts -- Market Mover
July 23 2018 - 9:08AM
Dow Jones News
Shares of Illinois Tool Works (ITW) are down 5.9% in premarket
trading as the company cut its guidance for the year, citing the
impact of currency fluctuations. The company has said previously
that it could be hurt by a stronger U.S. dollar. The company is now
expecting annual earnings per share of $7.50 to $7.70, compared
with $7.60 to $7.80 before. ITW said its working to overcome the
currency challenges, as well as rising raw material costs.
(austen.hufford@wsj.com; @austenhufford)
(END) Dow Jones Newswires
July 23, 2018 08:53 ET (12:53 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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