Snap-On: Q2 Earnings Snapshot
Posted Jul 22, 2021 06:39:50 AM.
Last Updated Jul 22, 2021 06:41:14 AM.
This article is more than 5 years old.
KENOSHA, Wis. (AP) _ Snap-On Inc. (SNA) on Thursday reported second-quarter earnings of $208 million.
The Kenosha, Wisconsin-based company said it had net income of $3.76 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.18 per share.
The tool and diagnostic equipment maker posted revenue of $1.08 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $964.1 million.
Snap-On shares have increased 31% since the beginning of the year, while the S&P’s 500 index has increased 16%. The stock has risen 60% in the last 12 months.
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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
The Associated Press
