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Snap-On Inc. Q3 adjusted earnings Beat Estimates

Snap-On Inc. (SNA) revealed a profit for its third quarter that rose from last year.

The company's bottom line totaled $164.6 million, or $2.96 per share. This compares with $163.2 million, or $2.85 per share, in last year's third quarter.

Excluding items, Snap-On Inc. reported adjusted earnings of $164.6 million or $2.96 per share for the period.

Analysts had expected the company to earn $2.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.4% to $901.8 million from $898.1 million last year.

Snap-On Inc. earnings at a glance:

-Earnings (Q3): $164.6 Mln. vs. $165.0 Mln. last year.
-EPS (Q3): $2.96 vs. $2.88 last year.
-Analysts Estimate: $2.94
-Revenue (Q3): $901.8 Mln vs. $898.1 Mln last year.

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