Investing.com - Snap-On reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Snap-On announced earnings per share of $4.27 on revenue of $1.14B. Analysts polled by Investing.com anticipated EPS of $3.94 on revenue of $1.1B.
Snap-On shares are up 3% from the beginning of the year and are trading at $207.82 , down-from-52-week-high.They are outperforming the S&P 500 which is down 16.92% from the start of the year.
Snap-On follows other major Industrials sector earnings this month
Snap-On's report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.93 on revenue of $6.27B, compared to forecasts EPS of $2.87 on revenue of $6.15B.
Lockheed Martin had missed expectations on Tuesday with second quarter EPS of $1.16 on revenue of $15.45B, compared to forecast for EPS of $6.34 on revenue of $15.99B.
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