Reuters reported that industrial products maker Illinois Tool Works Inc has reported a 16% increase in operating revenue in its latest 3 month period and affirmed its third quarter and full year earnings forecasts.

ITW said that transportation and power systems sales were up by more than 20% in the three months ended July 31st 2010. Three other segments posted double digit increases in operating revenues. The food equipment and decorative surfaces segments posted lower sales.

ITW affirmed its third quarter profit forecast, which calls for earnings from continuing operations between 72 cents and 84 cents per share. Its 2010 forecast of USD 2.82 to USD 3.08 per share was also unchanged from July 20th 2010, when the company reported second-quarter results.

(Sourced from www.reuters.com)