Tool demand is decreasing, Snap-On quarterly sales did not meet expectations.
Snap-On reported lower-than-expected sales for the third quarter on Thursday, due to inflationary pressures affecting demand in the tools sector. Rising borrowing costs and tool price increases - tools being one of the company's largest sources of revenue - have resulted in customer purchase limitations. Sales in Snap-On's tools division declined by around 3%, falling to 0.5005 billion USD, marking the third consecutive quarter of reported sales declines for this division. According to data compiled by LSEG, total sales decreased by 1.1% compared to the same period last year, to approximately 1.15 billion USD, slightly below the average analyst expectations.
TD Cowen Maintains Snap Inc(SNAP.US) With Hold Rating, Cuts Target Price to $11
Investors Should Add to Small- and Mid-cap Stocks Because of Valuations, Fed's Outlook – Analyst
Snap (SNAP) Stock Moves -0.09%: What You Should Know
Trump or Harris? Analysts are hotly debating the impact of the election results on various sectors of the US stock market.
①Over the past 8 years, the Trump administration and the Biden-Harris administration have fully demonstrated their policy orientations; ②Overall, industries such as finance and technology that are under the focus of regulation by the Biden administration are more likely to benefit from the rollback policies of the Trump administration, while the bullish impact on other industries is relatively less pronounced.
Snap Inc Options Spot-On: On October 14th, 59,679 Contracts Were Traded, With 1.29 Million Open Interest
Adobe Unveils Over 100 Creative Cloud Features Across AI, Other Apps at 'Max' Event
The Most Crowded Longs and Shorts in Internet – Jefferies
Wells Fargo To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Monday
Monness Maintains Snap Inc(SNAP.US) With Hold Rating
Snap Inc Options Spot-On: On October 11th, 110.18K Contracts Were Traded, With 1.27 Million Open Interest
Daily short sale tracking: DocuSign's short volume increased by 8 million, with a short sale ratio of 29%
Wolfe's Tax Loss Selling Stocks Within Communications, Discretionary, Staples, Energy, Financials, Health Care
Reddit Gains 4% as Jefferies Starts at Buy on User Growth, Monetization Room
Winners and Losers From Piper Sandler's Latest Survey of Teenagers
Meta Stock Gets a Price Target Increase. Here's Why.
BMO Capital Maintains Snap Inc(SNAP.US) With Buy Rating, Maintains Target Price $18
Piper Sandler Maintains Snap Inc(SNAP.US) With Hold Rating, Cuts Target Price to $12
TikTok On Us Attorneys General Lawsuits Says Strongly Disagree With These Claims, Many Of Which We Believe To Be Inaccurate And Misleading
Express News | Snap Shares Are Trading Higher Following a Report Indicating Multiple US States Filed Lawsuits Against Competitor TikTok