Investing.com - Snap-On reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Snap-On announced earnings per share of $4.1 on revenue of $1.11B. Analysts polled by Investing.com anticipated EPS of $3.62 on revenue of $1.1B.
Snap-On shares are down 2% from the beginning of the year, still down 18.82% from its 52 week high of $259.99 set on May 10, 2021. They are outperforming the S&P 500 which is down 3.71% from the start of the year.
Snap-On follows other major Industrials sector earnings this month
Snap-On's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.59 on revenue of $27.85B, compared to forecasts EPS of $3.09 on revenue of $27.06B.
Union Pacific had beat expectations on January 20 with fourth quarter EPS of $2.66 on revenue of $5.73B, compared to forecast for EPS of $2.61 on revenue of $5.6B.
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