Snap-On, Inc. (SNA) Tops Q2 EPS by 5c

Snap-On, Inc. (NYSE: SNA) reported Q2 EPS of $1.50, $0.05 better than the analyst estimate of $1.45. Revenue for the quarter came in at $764.1 million versus the consensus estimate of $755.31 million.

In 2013, Snap-on expects to continue with the advancement of its strategic framework designed to enhance its mobile tool distribution network, expand in the vehicle repair garage, extend to critical industries and build in emerging markets. In pursuit of these initiatives, Snap-on continues to anticipate that capital expenditures in 2013 will be in a range of $70 million to $80 million. Snap-on also expects that its full year 2013 effective income tax rate will be comparable to its 2012 rate.

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

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