GLENVIEW, Ill. (AP) _ Illinois Tool Works Inc. (ITW) on Friday reported fourth-quarter net income of $642 million.

The Glenview, Illinois-based company said it had net income of $2.02 per share. Earnings, adjusted for amortization costs, were $2.11 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.

The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $3.48 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $3.31 billion.

For the year, the company reported profit of $2.11 billion, or $6.63 per share. Revenue was reported as $12.57 billion.

Illinois Tool Works expects full-year earnings to be $7.60 to $8 per share.

Illinois Tool Works shares have dropped slightly more than 3% since the beginning of the year, while the Standard & Poor's 500 index has climbed 3%. The stock has risen slightly more than 8% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITW at https://www.zacks.com/ap/ITW

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