Snap-on Inc

SNA: XNYS (USA)
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Snap-on Earnings: Higher Diesel Prices Spook Franchisees

Snap-on reported a mixed quarter with revenue down 0.6% to $1.18 billion, but operating deleverage in its auto repair vertical led to an almost 11% reduction in industrial operating profit to $248 million. EPS compressed almost 8% to $4.64 per share.

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