Investing.com - Snap-On reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Snap-On announced earnings per share of $3.76 on revenue of $1.08B. Analysts polled by Investing.com anticipated EPS of $3.21 on revenue of $988.1M.
Snap-On shares are up 33% from the beginning of the year, still down 13.83% from its 52 week high of $259.99 set on May 10. They are outperforming the Nasdaq which is up 13.53% from the start of the year.
Snap-On follows other major Consumer Cyclical sector earnings this month
Snap-On's report follows an earnings beat by Whirlpool on Wednesday, who reported EPS of $6.64 on revenue of $5.32B, compared to forecasts EPS of $5.95 on revenue of $5.05B.
Levi Strauss A had beat expectations on July 8 with second quarter EPS of $0.23 on revenue of $1.28B, compared to forecast for EPS of $0.0919 on revenue of $1.21B.
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