KENOSHA, Wis. _ Snap-On Inc. (SNA) on Thursday reported third-quarter net income of $163.2 million.
The Kenosha, Wisconsin-based company said it had net income of $2.85 per share. Earnings, adjusted for non-recurring costs, came to $2.88 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.85 per share.
The tool and diagnostic equipment maker posted revenue of $898.1 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $928.7 million.
Snap-On shares have decreased nearly 4 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5 percent. The stock has risen 10 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNA at https://www.zacks.com/ap/SNA