Movement Alert｜Snap-on Falls 7.98% in Pre-Market Trading, Fiscal Q3 Revenue and EPS Miss Expectations

Market Focus10-22

On October 22, Snap-on fell 7.98% in Pre-Market Trading, trading at $330.99 per share, with turnover of $543,900.

The move followed fiscal third-quarter results that came in below market expectations on both profit and revenue.

Snap-on reported adjusted earnings of $4.64 per diluted share, down from $5.02 a year earlier and below the expected $4.91 to $4.93. Net sales were $1.18 billion, versus $1.19 billion a year earlier and below the $1.24 billion expected. The miss contrasted with the prior quarter, when the company delivered $4.96 in EPS on $1.235 billion of sales, both slightly ahead of consensus, making the latest quarter a clear negative surprise for investors.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment