GLENVIEW, Ill. (AP) _ Illinois Tool Works Inc. (ITW) on Friday reported second-quarter net income of $319 million.

The Glenview, Illinois-based company said it had net income of $1.01 per share. Earnings, adjusted for amortization costs, came to $1.09 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $2.56 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $2.36 billion.

Illinois Tool Works shares have climbed slightly more than 3% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 19% in the last 12 months.

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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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