UPDATE 1-Snap-on profit rises on strong tool demand

Newswire

(Recasts first sentence, adds details, stock action) CHICAGO, April 24 (Reuters) - Snap-on Inc. , which makes tools for vehicle repair and other industrial uses, on Tuesday posted a 76 percent increase in quarterly profit, citing broad increases in tool sales, sending shares up 3.1 percent in early electronic trading. Snap-on also said it expects continued operating and earnings improvement for the rest of this year. First-quarter net profit was $39 million, or 66 cents a share, up ...

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