Snap-On Inc. Reports 16% Rise In Q1 Earnings

(RTTNews) - Snap-On Inc. (SNA) reported earnings for its first quarter that rose from last year.

The company said its bottom line came in at $128.3 million, or $2.16 per share. This was up from $110.5 million, or $1.87 per share, in last year's first quarter.

Analysts had expected the company to earn $2.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.8% to $834.2 million. This was up from $827.8 million last year.

Snap-On Inc. earnings at a glance:

-Earnings (Q1): $128.3 Mln. vs. $110.5 Mln. last year. -Earnings Growth (Y-o-Y): 16.1% -EPS (Q1): $2.16 vs. $1.87 last year. -EPS Growth (Y-o-Y): 15.5% -Analysts Estimate: $2.09 -Revenue (Q1): $834.2 Mln vs. $827.8 Mln last year. -Revenue Change (Y-o-Y): 0.8%