Snap-on Inc.
KENOSHA, Wis. (AP) — Snap-On Inc. on Thursday reported first-quarter profit of $240.5 million.
On a per-share basis, the Wisconsin-based tool and diagnostic equipment maker said it had net income of $4.51.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.81 per share.
The company posted revenue of $1.14 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $1.2 billion.
