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Snap-On Inc. Q4 adjusted earnings Inline With Estimates

Snap-On Inc. (SNA) announced earnings for its fourth quarter that rose from the same period last year.

The company's bottom line came in at $175.0 million, or $3.09 per share. This compares with $129.5 million, or $2.24 per share, in last year's fourth quarter.

Excluding items, Snap-On Inc. reported adjusted earnings of $171.8 million or $3.03 per share for the period.

Analysts had expected the company to earn $3.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.3% to $952.5 million from $974.6 million last year.

Snap-On Inc. earnings at a glance:

-Earnings (Q4): $171.8 Mln. vs. $155.6 Mln. last year.
-EPS (Q4): $3.03 vs. $2.69 last year.
-Analysts Estimate: $3.03
-Revenue (Q4): $952.5 Mln vs. $974.6 Mln last year.

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