Illinois Tool Works posted fourth-quarter earnings and revenue that exceeded analysts' expectations on Thursday.
Illinois Tool Works reported $1.93 earnings per share on $3.7 billion in revenue. Investing.com polled analysts, who predicted $1.89 EPS on $3.53 billion in revenue.
Shares of Illinois Tool Works have dropped 4% since the start of the year, and are still down 5.54 percent from their 52-week high of $249.81 reached on January 5. They are almost in pace with the S&P 500, which is down 3.71 percent year to far.
This month, Illinois Tool Works tracks the profits of other large Industrial companies.
United Parcel Service posted earnings of $3.59 per share on revenue of $27.85 billion on Tuesday, beating expectations of $3.09 per share on revenue of $27.06 billion.
Union Pacific surpassed expectations on January 20 with EPS of $2.66 on sales of $5.73 billion, compared to a projection of $2.61 on $5.6 billion.