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 $3.28 on revenue of $941.6M. Analysts polled by Investing.com anticipated EPS of $2.16 on revenue of $820.17M.
Snap-On shares are down 8% from the beginning of the year and are trading at $155.27 , down-from-52-week-high.They are under-performing the S&P 500 which is up 6.34% 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 $0.76 on revenue of $8.77B, compared to forecasts EPS of $0.57 on revenue of $8.26B.
Ferrari NV had missed expectations on September 24 with third quarter EPS of $0.05 on revenue of $670.24M, compared to forecast for EPS of $0.06 on revenue of $670.08M.
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