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Snap-On Q2 Profit Rises

Snap-On Inc (SNA) Thursday reported second quarter net earnings of $180.4 million or $3.22 per share, compared to $178.7 million or $3.12 per share in the prior year. On average, 8 analysts polled by Thomson Reuters expected the company to earn $3.21 per share.

Net sales for the quarter declined 0.3 percent to $951.3 million, from $954.6 million the previous year. Wall Street were looking for revenue of $959.33 million.

Looking ahead, the company expects to make continued progress in 2019.

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