Snap-On, Inc. (SNA) Tops Q3 EPS by 13c; Revs Light
Tweet
Share
E-mailGet Alerts SNA Hot Sheet
Price: $395.71 -1.37%
Financial Fact:
Net earnings attributable to noncontrolling interests: -3.5M
Today's EPS Names:
SCWO, HSAI, SYRS, More
Financial Fact:
Net earnings attributable to noncontrolling interests: -3.5M
Today's EPS Names:
SCWO, HSAI, SYRS, More
Join SI Premium – FREE
Snap-On, Inc. (NYSE: SNA) reported Q3 EPS of $1.16, $0.13 better than the analyst estimate of $1.03. Revenue for the quarter came in at $697.2 million versus the consensus estimate of $719.95 million.
Snap-on continues to anticipate that capital expenditures in 2011 will approximate $65 million, of which $46.6 million was spent in the first nine months of 2011. We also expect to incur approximately $13 million of higher year-over-year pension expense in 2011 largely due to the amortization of investment losses incurred in 2008 related to our domestic pension plan assets. Snap-on now anticipates that its full year 2011 effective income tax rate will approximate 33.0%.
Snap-on continues to anticipate that capital expenditures in 2011 will approximate $65 million, of which $46.6 million was spent in the first nine months of 2011. We also expect to incur approximately $13 million of higher year-over-year pension expense in 2011 largely due to the amortization of investment losses incurred in 2008 related to our domestic pension plan assets. Snap-on now anticipates that its full year 2011 effective income tax rate will approximate 33.0%.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Toll Brothers (TOL) Tops Q3 EPS by 5c, reaffirms guidance
- uCloudlink Group Inc. (UCL) Misses Q2 EPS by 1c ; Offers Guidance
- Prenetics Global (PRE) Tops Q2 EPS by 18c
Create E-mail Alert Related Categories
Earnings, GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
