Illinois Tool Works (NYSE:ITW) reported quarterly earnings of $2.38 per share which beat the analyst consensus estimate of $2.36 by 0.85 percent. This is a 2.46 percent decrease over earnings of $2.44 per share from the same period last year. The company reported quarterly sales of $3.84 billion which met the analyst consensus estimate. This is a 3.37 percent decrease over sales of $3.97 billion the same period last year.