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Snap-On misses both Q3 profit and revenue estimates

Associated Press ·

SNA
SNA Snap-on Inc
$356.46 -3.37%
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  1. 1Snap-On Inc. reported Q3 profit of $243 million.
  2. 2Snap-On Inc. Q3 earnings per share of $4.64 fell below the $4.91 estimate from 5 analysts surveyed by Zacks Investment Research.
  3. 3Snap-On Inc. revenue of $1.18 billion during the period also missed market expectations.

So what's the key point?

The money and profit earned by Snap-On Inc. in the third quarter were lower than what experts predicted. This means the company's performance did not meet market expectations.

Source Associated Press · View original ↗

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