Investing.com - Snap-On reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Snap-On announced earnings per share of $4 on revenue of $1.1B. Analysts polled by Investing.com anticipated EPS of $3.67 on revenue of $1.07B.
Snap-On shares are up 5% from the beginning of the year and are trading at $226.32 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.44% from the start of the year.
Snap-On follows other major Industrials sector earnings this month
Snap-On's report follows an earnings beat by Lockheed Martin on Tuesday, who reported EPS of $6.44 on revenue of $14.96B, compared to forecasts EPS of $6.21 on revenue of $15.64B.
CSX had beat expectations on Wednesday with first quarter EPS of $0.39 on revenue of $3.41B, compared to forecast for EPS of $0.3799 on revenue of $3.33B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar