Snap-on (SNA) Q2 Earnings & Sales Surpass Estimates, Rise Y/Y
Snap-on Inc. SNA reported second-quarter 2023 results, wherein both earnings and revenues beat the Zacks Consensus Estimate. Moreover, sales and earnings advanced year over year. Results have benefited from continued positive business momentum and contributions from its Value Creation plan.
Shares of this Zacks Rank #2 (Buy) company have gained 13.7% in the past three months compared with the industry’s 7.5% growth.
Q2 Highlights
Snap-on’s earnings of $4.89 per share in second-quarter 2023 surpassed the Zacks Consensus Estimate of $4.53. The figure also improved by 14.5% from earnings of $4.27 reported in the prior-year quarter.
Net sales grew 4.8% year…
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