Snap-on Q3 EPS $4.51 Beats $4.44 Estimate, Sales $1.16B Beat $1.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
Snap-on reported Q3 earnings of $4.51 per share, beating the analyst consensus estimate of $4.44 by 1.58%. This is an 8.94% increase from the same period last year. The company also reported quarterly sales of $1.16 billion, beating the analyst consensus estimate of $1.14 billion by 1.67%, a 5.12% increase from the same period last year.
October 19, 2023 | 10:35 am
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POSITIVE IMPACT
Snap-on's Q3 earnings and sales beat analyst estimates, showing a YoY increase of 8.94% and 5.12% respectively.
Snap-on's Q3 earnings and sales exceeded analyst estimates, which is a positive signal for investors. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100