Snap-on (SNA) Q4 Earnings Surpass Estimates, Sales Miss

Snap-on Inc. (SNA) has reported mixed fourth-quarter 2023 results, wherein earnings beat the Zacks Consensus Estimate, while sales missed. However, sales and earnings advanced year over year. Results have benefited from the continued positive business momentum and contributions from its Value Creation plan.Snap-on’s earnings of $4.75 per share in fourth-quarter 2023 surpassed the Zacks Consensus Estimate of $4.46. The figure also improved 7.5% from earnings of $4.42 in the prior-year quarter.Net sales of th ...