Why Snap-on Stock Popped 10% Today

Shares of toolmaker Snap-on (NYSE: SNA) jumped nearly 10% in Thursday trading, closing the day up 9.6% after reporting fiscal Q2 financials that missed analyst expectations for sales, but crushed on earnings.Expected to report $2.95 per share in profit on quarterly sales of $956.3 million, Snap-on instead confirmed that it had EPS of $3.12, albeit on sales of only $954.6 million.Snap-on earnings provide a lesson in the benefits of tax reform.

Topics:  snap-on nyse   sna    q2   eps   images   sales   
BING NEWS:
  • Why Amazon Stock Popped on Wednesday
    The company got a vote of confidence from Wall Street and a windfall, courtesy of electric-vehicle maker Rivian.
    06/26/2024 - 8:30 am | View Link
  • Why Nvidia Stock Popped on Tuesday
    Nvidia shares have returned to rally mode in the wake of its stock split, thanks to an important new market for the company.
    06/25/2024 - 8:17 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News