Wednesday, July 25, 2007

Snap-on shares up after profit beats Wall St view

(Reuters) - "The results were way above everybody's estimates," said Barrington Research analyst Alex Paris, who upgraded Snap-on to "outperform" on Tuesday's results.




He attributed the stock's sharp short-term bounce to the perennial search for a solid beat: "Everybody's looking for positive surprises -- that's traders."


Read more at Reuters.com Hot Stocks News

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