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Snap-On Inc. Q3 adjusted earnings Beat Estimates

Snap-On Inc. (SNA) announced a profit for its third quarter that advanced from the same period last year.

The company's bottom line came in at $196.2 million, or $3.57 per share. This compares with $179.7M, or $3.28 per share, in last year's third quarter.

Excluding items, Snap-On Inc. reported adjusted earnings of $196.2 million or $3.57 per share for the period.

Analysts had expected the company to earn $3.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.6% to $1.04 billion from $0.94 billion last year.

Snap-On Inc. earnings at a glance:

-Earnings (Q3): $196.2 Mln. vs. $179.7 Mln. last year.
-EPS (Q3): $3.57 vs. $3.28 last year.
-Analysts Estimate: $3.38
-Revenue (Q3): $1.04 Bln vs. $0.94 Bln last year.

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