Snap-on (SNA -1.7%) dips after a mixed Q1 report earlier today, beating on its EPS but coming up...

|By:, SA News Editor

Snap-on (SNA -1.7%) dips after a mixed Q1 report earlier today, beating on its EPS but coming up short on revenue. Net earnings actually rose 17% Y/Y, as the toolmaker reported improving margins, but revenue in it's commercial and industrial segment continue to feel pressure. The segement saw a 7% decrease in sales due primarily to lower sales to the military, and economic weakness in Europe that weighed on the segment's European-based hand tools business.