- Oops!Something went wrong.Please try again later.
Shares of Snap-on (NYSE:SNA) climbed 5% in pre-market trading after the company reported Q3 results.
Earnings per share increased 10.81% over the past year to $3.28, which beat the estimate of $2.16.
Revenue of $941,600,000 up by 4.41% year over year, which beat the estimate of $806,170,000.
Snap-on hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Oct 22, 2020
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/mok68rzs
52-week high: $172.61
Company's 52-week low was at $90.72
Price action over last quarter: Up 8.11%
Snap-on is a manufacturer of premium tools and software for professional technicians. Hand tools are sold through franchisee-operated mobile vans that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest as much as $375,000 in the van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments—repair systems and information, commercial and industrial, and tools—which accounted for 31%, 38%, and 31%, respectively, of its $3.7 billion 2018 manufacturing revenue. Its financing arm generates 8% of consolidated revenue and 24% of operating income.
See more from Benzinga
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.