KENOSHA, Wis. (AP) — KENOSHA, Wis. (AP) — Snap-On Inc. (SNA) on Thursday reported fourth-quarter net income of $260.7 million.
The Kenosha, Wisconsin-based company said it had profit of $4.94 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.86 per share.
The tool and diagnostic equipment maker posted revenue of $1.23 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.22 billion.
For the year, the company reported profit of $1.02 billion, or $19.19 per share. Revenue was reported as $4.74 billion.
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