Snap-On Inc. Q2 adjusted earnings Beat Estimates

Snap-On Inc. (SNA) reported earnings for its second quarter that increased from last year.

The company's profit came in at $208.0 million, or $3.76 per share. This compares with $101.2 million, or $1.85 per share, in last year's second quarter.

Excluding items, Snap-On Inc. reported adjusted earnings of $208.0 million or $3.76 per share for the period.

Analysts had expected the company to earn $3.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 50.0% to $1.08 billion from $0.72 billion last year.

Snap-On Inc. earnings at a glance:

-Earnings (Q2): $208.0 Mln. vs. $104.5 Mln. last year.
-EPS (Q2): $3.76 vs. $1.91 last year.
-Analysts Estimate: $3.21
-Revenue (Q2): $1.08 Bln vs. $0.72 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT