Snap-On Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Snap-On Inc. (SNA) revealed earnings for its third quarter that rose from the same period last year.

The company's profit came in at $163.2 million, or $2.85 per share. This compares with $133.4 million, or $2.29 per share, in last year's third quarter.

Excluding items, Snap-On Inc. reported adjusted earnings of $165.0 million or $2.88 per share for the period.

Analysts had expected the company to earn $2.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.6% to $898.1 million from $903.8 million last year.

Snap-On Inc. earnings at a glance:

-Earnings (Q3): $165.0 Mln. vs. $142.7 Mln. last year. -EPS (Q3): $2.88 vs. $2.45 last year. -Analysts Estimate: $2.86 -Revenue (Q3): $898.1 Mln vs. $903.8 Mln last year.