Peloton, Jobs Report, Ford - 5 Things You Must Know Friday TheStreet 2/5/2021
Here are five things you must know for Friday, Feb. 5:
1. Stock Futures Rise Ahead of U.S. Jobs Report
Stock futures were rising Friday after the S&P 500 set a record high amid signs the labor market may be slowly recovering from the grip of the coronavirus pandemic.
U.S. jobless claims fell to the lowest since November, according to a report Thursday, and further data on the U.S. labor market will be released Friday when the Labor Department issues the nonfarm payrolls report for January.
Stocks also were receiving a boost from a rebound in corporate profits and optimism surrounding President Joe Biden s push for another round of fiscal stimulus for millions of Americans.
Shares of Illinois Tool Works (NYSE:ITW) moved higher by 0.7% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings .
Illinois Tool Works: 4Q Earnings Snapshot sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
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ITW Reports Fourth Quarter and Full Year 2020 Results
Illinois Tool Works Inc.February 5, 2021 GMT
Provides 2021 Guidance Including EPS Growth of 18% at the Mid-point
Fourth-Quarter 2020 Highlights
Record Q4 operating income of $883 million, an increase of 7% year-over-year
Record Q4 operating margin of 25.4% as enterprise initiatives contributed 130 basis points
GAAP EPS of $2.02, an increase of 2%, or 7% excluding $0.11 of divestiture gains in Q4 2019
Record Q4 after-tax ROIC of 32.0%, an increase of 310 basis points
Strong free cash flow of $705 million, 110% of net income
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GAAP EPS of $7.60 to $8.00, an increase of 15 to 21%