Snap-on Inc. (SNA-Quote) said Friday that second-quarter earnings fell to $37.4 million, or 65 cents a share, from $66.9 million, or $1.15 a share, in the same period a year ago. Sales at the Kenosha, Wisc.-based tool maker were $590 million in the quarter, down from the year-earlier $766 million. Analysts polled by FactSet Research expected, on average, earnings of 65 cents a share and sales of $607 million. Snap-on said it still sees third-quarter sales and earnings declining year over year.
Disclosure I am long SNA shares.
Consumer-Goods Basic-Materials ETF'S Services Industrial-Goods Black Gold(OIL) Technology Bonds Links Financial Dividend-Increasers Emerging Markets Commodities HealthCare Inflation IRA Large Cap Shipping Utilities Cefs Small Caps Fees Monthly Dividend Reits Currency 8%+ Dividend Food Fixed Income Agricultural Precious metals Dividend Declared Insurance Earnings Miss Earnings Surprise Silver Insider Buying MLP'S Stock Splits 2 - 5% Dividend Tips For NEW Investors Banks Global etfs Aerospace Computers Index Funds Preferred Stocks New ETFS Ultrashort Etfs Asset Management Chemicals Hedged Etfs 5-8% Dividend Bio-Tech Build America Bonds ETN'S Investment Brokerage Semiconductors Steel Bad Picks Dividend Cut Mortgage Retail Special Dividend 10+++% Dividend 2 - 5% dividend Audio Podcasts Bankruptcy Diversified Investments Dividend Axed Equity Offering Natural Gas Office