Snap-On Inc. Reports Retreat In Q1 Profit, Misses Estimates

(RTTNews) - Snap-On Inc. (SNA) reported earnings for first quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings came in at $240.5 million, or $4.51 per share. This compares with $263.5 million, or $4.91 per share, last year.

Analysts on average had expected the company to earn $4.82 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 3.5% to $1.141 billion from $1.182 billion last year.

Snap-On Inc. earnings at a glance (GAAP) :

-Earnings: $240.5 Mln. vs. $263.5 Mln. last year. -EPS: $4.51 vs. $4.91 last year. -Revenue: $1.141 Bln vs. $1.182 Bln last year.