Friday, June 15, 2007

ITW reaffirms 2nd qtr, full-year profit forecasts

(Reuters) - CHICAGO, June 15 - Diversified manufacturer Illinois Tool Works Inc. on Friday reiterated its profit forecasts for the year, reaffirming that demand overseas remains strong while North America continues to be weak.



The company said it still expects to earn 86 to 90 cents a share in the second quarter and $3.27 to $3.39 a share for the year. It previously offered those forecasts in April.


Read more at Reuters.com Market News

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