Illinois Tool Works (NYSE:ITW) reported quarterly earnings of $2.35 per share which beat the analyst consensus estimate of $2.25 by 4.44 percent. This is a 19.9 percent increase over earnings of $1.96 per share from the same period last year. The company reported quarterly sales of $4.00 billion which beat the analyst consensus estimate of $3.90 billion by 2.56 percent. This is a 12.49 percent increase over sales of $3.56 billion the same period last year.
Merchants & Marine Bank Promotes Jeff Trammell To COO
The board of directors of Merchants & Marine Bank, a wholly owned subsidiary of Merchants & Marine Bancorp (OTCQX: MNMB), announced the promotion of Jeff Trammell to the position of COO.