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Snap-On (SNA) Stock Surges as Q3 Earnings Top Estimates

NEW YORK (TheStreet) -- Shares of Snap-On (SNA) were soaring 7.35% to $160.09 on heavy trading volume late Thursday afternoon after the company posted earnings that beat analysts' expectations.

Before today's opening bell, the Kenosha, WI-based tools, equipment and diagnostics company reported earnings of $2.22 per share, above analysts' estimates of $2.15 per share.

Revenue for the period was $834.1 million, while analysts were looking for revenue of $847.8 million.

"We believe Snap-on's third quarter results, including a 12.1% increase...