UPDATE 1-Snap-on shares up after profit beats Wall St view

Newswire

(Adds byline, analyst comment, updates share move) By Helen Chernikoff NEW YORK, July 25 (Reuters) - Snap-on Inc. shares rose as much as 16 percent on Wednesday after the toolmaker's second-quarter earnings from continuing operations beat analysts' forecasts. "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 ...

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