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Snap-on Fiscal Q3 Earnings Increases, Revenue Declines
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Snap-on Fiscal Q3 Earnings Increases, Revenue Declines
Oct 17, 2024 2:20 PM

07:03 AM EDT, 10/17/2024 (MT Newswires) -- Snap-on (SNA) reported fiscal Q3 earnings Thursday of $4.70 per diluted share, up from $4.51 a year earlier.

Analysts polled by Capital IQ expected $4.58.

Net sales for the quarter ended Sept. 28 was $1.15 billion, down from $1.16 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.16 billion.

The hand-tool company said it now expects fiscal 2024 capital expenditures of $100 million. That compares with a range of $100 million to $110 million previously. Four analysts polled by Capital IQ are expecting $101.7 million.

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