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Snap-On Inc. Q1 adjusted earnings Beat Estimates

Snap-On Inc. (SNA) released earnings for its first quarter that climbed from last year.

The company's profit totaled $177.9 million, or $3.16 per share. This compares with $163.0 million, or $2.82 per share, in last year's first quarter.

Excluding items, Snap-On Inc. reported adjusted earnings of $169.2 million or $3.01 per share for the period.

Analysts had expected the company to earn $2.90 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.5% to $921.7 million from $935.5 million last year.

Snap-On Inc. earnings at a glance:

-Earnings (Q1): $169.2 Mln. vs. $161.5 Mln. last year.
-EPS (Q1): $3.01 vs. $2.79 last year.
-Analysts Estimate: $2.90
-Revenue (Q1): $921.7 Mln vs. $935.5 Mln last year.

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