Snap-on falls after Q4 results

Snap-On

08/02/2024 17:41

** Industrial machinery and equipment manufacturer Snap-on's
 SNA.N  shares fall 9.1% to $267.75 on mixed Q4 results
    ** Company posts Q4 adj profit of $4.75/shr​, beating
estimates of $4.66/shr - LSEG
    ** Q4 net sales up 3.5% to $1,196.6 mln, slightly missing
estimates of $1,202 mln
    ** Q4 sales at company's Tools Group unit $513.3 mln vs
$542.7 mln a year earlier
    ** YTD, shares down 7% vs 26% rise in 2023

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))