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    Monday, November 16, 2009

    Illinois Tool Works Gives Fourth-quarter Forecast

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    By Michelle Donley
    MarketWatch Pulse
       

      NEW YORK -- Illinois Tool Works Inc. said Monday that it expects to report fourth-quarter earnings from continuing operations of 54 cents to 66 cents a share. The Glenview, Ill.-based manufacturer said that the forecast assumes a revenue range of down 1% to up 5% compared to the third quarter. Analysts polled by FactSet Research expected, on average, earnings of 63 cents a share in the period.

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