Investing.com - Snap-On reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Snap-On announced earnings per share of $4.14 on revenue of $1.10. Analysts polled by Investing.com anticipated EPS of $3.85 on revenue of $1.07B.
Snap-On shares are down 23% from the beginning of the year, still down 9.20% from its 52 week high of $235.36 set on April 21.
Snap-On follows other major Industrials sector earnings this month
Snap-On's report follows an earnings missed by Lockheed Martin on July 19, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $1.88 on revenue of $15.98B.
ABB ADR had missed expectations on Thursday with third quarter EPS of $0.19 on revenue of $7.41B, compared to forecast for EPS of $0.38 on revenue of $7.39B.
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