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Snap-On: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

KENOSHA, Wis. (AP) — KENOSHA, Wis. (AP) — Snap-On Inc. (SNA) on Thursday reported second-quarter net income of $271.2 million.

On a per-share basis, the Kenosha, Wisconsin-based company said it had net income of $5.07. Earnings, adjusted for non-recurring gains, were $4.91 per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.94 per share.

The tool and diagnostic equipment maker posted revenue of $1.18 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $1.2 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNA at https://www.zacks.com/ap/SNA