GLENVIEW, Ill. (AP) _ Illinois Tool Works Inc. (ITW) on Friday reported second-quarter earnings of $775 million.

On a per-share basis, the Glenview, Illinois-based company said it had profit of $2.45. Earnings, adjusted for pretax gains, came to $2.10 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.

The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $3.68 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $3.57 billion.

Illinois Tool Works expects full-year earnings to be $8.55 to $8.95 per share.

Illinois Tool Works shares have risen 12% since the beginning of the year, while the S&P's 500 index has risen 18%. The stock has climbed 22% 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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