Snap-On Inc. Q2 adjusted earnings Beat Estimates

Snap-On Inc. (SNA) revealed earnings for its second quarter that increased from the same period last year.

The company’s bottom line came in at $178.7 million, or $3.12 per share. This compares with $153.2 million, or $2.60 per share, in last year’s second quarter.

Excluding items, Snap-On Inc. reported adjusted earnings of $178.2 million or $3.11 per share for the period.

Analysts had expected the company to earn $2.95 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 3.6% to $954.6 million from $921.4 million last year.

Snap-On Inc. earnings at a glance:

-Earnings (Q2): $178.2 Mln. vs. $153.2 Mln. last year.
-EPS (Q2): $3.11 vs. $2.60 last year.
-Analysts Estimate: $2.95
-Revenue (Q2): $954.6 Mln vs. $921.4 Mln last year.

by RTTNews Staff Writer

Source: Read Full Article