Earnings from Snap-on and Ingredion

We had two more Buy List earnings reports this morning.

For Q4, Snap-on (SNA) earned $2.47 per share. That was six cents better than Wall Street’s consensus. Revenues rose 4.5% to $889.8 million, which was also better than expectations. For all of 2016, Snap-on made $9.20 per share compared with $8.10 per share in 2015.

Despite the good numbers, traders were not pleased. The stock is currently down about 6%.

Ingredion (INGR) said it made $1.67 per share last quarter which was three cents better than estimates. The company made $7.13 per share for the year.

For 2017, INGR sees earnings between $7.40 and $7.80 per share. Wall Street had been expecting $7.54 per share. Still, the stock is getting beaten up today. INGR is currently down about 8%.

Posted by on February 2nd, 2017 at 11:42 am


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