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 $3.57 on revenue of $1.04B. Analysts polled by Investing.com anticipated EPS of $3.37 on revenue of $1.02B.
Snap-On shares are up 33% from the beginning of the year, still down 12.30% from its 52 week high of $259.99 set on May 10. They are outperforming the S&P 500 which is up 20.77% 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 Tesla on Wednesday, who reported EPS of $1.86 on revenue of $13.76B, compared to forecasts EPS of $1.52 on revenue of $13.57B.
Nike had beat expectations on September 23 with first quarter EPS of $1.16 on revenue of $12.25B, compared to forecast for EPS of $1.12 on revenue of $12.47B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar