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 $3.82 on revenue of $1074.4M. Analysts polled by Investing.com anticipated EPS of $2.94 on revenue of $957.74M.
Snap-On shares are up 3% from the beginning of the year and are trading at $177.32 , down-from-52-week-high.They are outperforming the S&P 500 which is up 1.97% from the start of the year.
Snap-On follows other major Consumer Cyclical sector earnings this month
Snap-On's report follows an earnings missed by Tesla on January 27, who reported EPS of $0.8 on revenue of $10.74B, compared to forecasts EPS of $1.02 on revenue of $10.47B.
Louis Vuitton ADR had beat expectations on January 27 with fourth quarter EPS of $2 on revenue of $17.29B, compared to forecast for EPS of $1.82 on revenue of $17.42B.
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