Snap-On rises after Q3 profit beat

Snap-On

17/10/2024 14:59

** Shares of tool maker Snap-On  SNA.N  rise 6.7% to $317.98
    ** Company's Q3 adjusted earnings per share of $4.70 beats
analysts' estimate of $4.59, data compiled by LSEG shows
    ** SNA's profit growth was largely aided by lower costs
    ** But Q3 revenue of $1.15 bln misses estimate of $1.16 bln,
as sales fall across all its operating segments
    ** Company sees 2024 capital expenditure of about $100 mln,
of which $65.4 mln has been incurred so far this year
    ** As of last close, stock up 10.1% YTD

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