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Snap-On: 1Q Earnings Snapshot

KENOSHA, Wis. (AP) _ Snap-On Inc. (SNA) on Thursday reported first-quarter earnings of $177.9 million.

The Kenosha, Wisconsin-based company said it had profit of $3.16 per share. Earnings, adjusted for non-recurring gains, were $3.01 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.91 per share.

The tool and diagnostic equipment maker posted revenue of $921.7 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $930.2 million.

Snap-On shares have climbed roughly 9 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 16 percent. The stock has climbed slightly more than 9 percent 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