Why Snap-on Stock Soared Today
Shares of leading tools, equipment, diagnostics, and repair information systems manufacturer Snap-on (NYSE: SNA) were up 9% as of 2:15 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence, after the company released its financial results for the third quarter.
While Snap-on's sales dip of 1% met analysts' expectations, its earnings-per-share (EPS) growth of 4% and EPS of $4.70 was well above analysts' expectations of $4.56, sending the company's shares higher.
Selling 85,000 tools to professionals in over 130 countries, Snap-on serves numerous end markets, from automobile mechanics and technicians to heavy-duty commercial and industrial customers.
Source Fool.com
Snap Inc Aktie
4,08 €
-1,47 %
Die Community bevorzugt leicht Snap Inc mit mehr Buy- als Sell-Einschätzungen.
Bei einem durchschnittlichen Kursziel von 9 € für Snap Inc, wäre dies mehr als eine Verdopplung des aktuellen Kurses von 4.08 €.
