KENOSHA, Wis. (AP) — KENOSHA, Wis. (AP) — Snap-On Inc. (SNA) on Thursday reported first-quarter profit of $240.5 million.
On a per-share basis, the Kenosha, Wisconsin-based company 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 tool and diagnostic equipment maker posted revenue of $1.14 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $1.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNA at https://www.zacks.com/ap/SNA
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