Snap-On (SNA) Tops Q2 EPS by 3c

Snap-On (NYSE: SNA) reported Q2 EPS of $2.03, $0.03 better than the analyst estimate of $2.00. Revenue for the quarter came in at $851.8 million versus the consensus estimate of $864.52 million.

Outlook

Snap-on expects to make continued progress along its defined runways for coherent growth, including enhancing the franchise network, expanding in the vehicle repair garage, extending to critical industries and building in emerging markets. In pursuit of these initiatives, Snap-on continues to expect that capital expenditures in 2015 will be in a range of $80 million to $90 million. Snap-on also continues to expect that its full year 2015 effective income tax rate will be at or below its 2014 full year rate.

For earnings history and earnings-related data on Snap-On (SNA) click here.

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