Thursday, July 19, 2007

UPDATE 1-Illinois Tool posts higher profit, raises outlook

(Reuters) - 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.




Analysts had expected the maker of fasteners, food service
and welding equipment, countertop materials and other products
to earn 88 cents a share, according to Reuters Estimates.


Read more at Reuters.com Market News

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