AP NEWS
Click to copy
Click to copy

Snap-On: 2Q Earnings Snapshot

July 18, 2019

KENOSHA, Wis. (AP) _ Snap-On Inc. (SNA) on Thursday reported second-quarter net income of $180.4 million.

On a per-share basis, the Kenosha, Wisconsin-based company said it had profit of $3.22.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.21 per share.

The tool and diagnostic equipment maker posted revenue of $951.3 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $958.4 million.

Snap-On shares have climbed nearly 6% since the beginning of the year, while the Standard & Poor’s 500 index has increased 19%. The stock has decreased nearly 4% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNA at https://www.zacks.com/ap/SNA

All contents © copyright 2019 The Associated Press. All rights reserved.