Stock Alert: Snap-on Shares Up 8%

(RTTNews) - Shares of Snap-on Inc. (SNA) are currently trading at $191.71, up $14.38 or 8.11% Thursday morning. The stock has been trading in the range of $90.72 - $193.02 for the past one year. Trading volume is rising over 590K versus an average volume of 460K shares.

The company reported Q4 net income of $208.9 million or $3.82 per share compared to $170.6 million or $3.08 per share last year. Excluding the restructuring charges, adjusted income amounted to $209.9 million or $3.84 per share.

Net sales for the quarter rose 12.5% to $1.07 billion from $955.2 million generated a year ago, reflecting a $102.1 million, or 10.6%, organic sales gain, $9.6 million of favorable foreign currency translation, and $7.5 million of acquisition-related sales.

Analysts polled by Thomson Reuters expected earnings of $2.95 per share on revenue of $942.78 million for the quarter. Analysts' estimate typically exclude certain special items.