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Snap-on’s Q4 Earnings Beat Can’t Hide Revenue Miss, Will Growth Stall?

By Lekha Gupta
February 8, 2:16 PM
Snap-on posts Q4 FY23 results with a 3.5% sales increase to $1.197 billion, driven by organic gains and favorable currency translation. Despite missing consensus, the company's gross profit rises to $577.6 million, with operating earnings climbing to $325.8 million, surpassing EPS expectations at $4.75. CEO Nick Pinchuk notes positive momentum in critical industries and strategic acquisition benefits. Snap-on outlines FY24 outlook, expecting capital expenditures of $100-110 million.

SNA

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2 minute read

Why Food Giant Kellanova Shares Are Surging Today

By Lekha Gupta
February 8, 2:01 PM
Kellanova Co (NYSE: K) posts robust Q4 2023 results, beating estimates with net sales of $3.17 billion and organic sales growth of 6.9%. Adjusted EPS of $0.78 surpasses expectations, reinforcing investor confidence in the company's performance. With a positive outlook, Kellanova reiterates FY24 guidance, expecting adjusted EPS of $3.55-$3.65 and projecting around 3% organic net sales growth. Investors respond positively, driving K shares up by 3.95%.

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