Industrial tool maker Illinois Tool Works Inc. (ITW – Analyst Report) reported impressive results for second-quarter 2015. The company's earnings came in at $1.30 per share, surpassing the Zacks Consensus Estimate of $1.28 as well as the year-ago tally of $1.21.

Also, the bottom line scaled the higher end of Illinois Tool Works' projected range of $1.22−$1.30 per share. The improvement in earnings was driven by a 9.6% fall in share count due to ongoing share buyback activity and contributions from enterprise initiatives.

As disclosed, Illinois Tool Works recorded roughly 12 cents per share of adverse impact from foreign currency translation. Excluding this, the company's earnings growth rate would have been 17%.

Illinois Tool Works Inc. – Earnings Surprise | FindTheBest