Before the market open on Thursday, the Kenosha, WI-based professional tools and equipment manufacturer reported earnings of $2.22 per share, beating analysts' forecasts for earnings of $2.18 per share.
However, revenue of $851.7 million missed analysts' forecasts for revenue of $886.56 million.
Revenue was negatively impacted by foreign currency translation and lower sales in the oil and gas sector, the company said.
"Our fourth quarter results, including 3.1% organic sales growth, a 19.1% operating margin before financial services, and a 12.7% increase in diluted earnings per share, represent an encouraging finish to 2015 and demonstrate ongoing progress along these runways while overcoming meaningful and continuing external headwinds," CEO Nick Pinchuk said in a statement.
So far today, 1.48 million shares of Snap-On have traded, versus its 30-day average of about 496,000 shares.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "buy" with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
You can view the full analysis from the report here: SNASNA data by YCharts