Investing.com - Snap-On reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Snap-On announced earnings per share of $1.91 on revenue of $724.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $1.79 on revenue of $701.97M.
Snap-On shares are down 14% from the beginning of the year and are trading at $145.30 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.48% 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 July 22, who reported EPS of $2.18 on revenue of $6.04B, compared to forecasts EPS of $0 on revenue of $5.15B.
Louis Vuitton ADR had missed expectations on Sunday with second quarter EPS of $0.24 on revenue of $9.18B, compared to forecast for EPS of $1.73 on revenue of $8.42B.
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