UPDATE 2-Snap-on Inc. shares soar to new high

Newswire

(Recasts lead, adds share movement; changes dateline, previously CHICAGO) NEW YORK, April 24 (Reuters) - Snap-on Inc.'s shares rose more than 15 percent to an all-time high on Tuesday after the toolmaker posted a 76 percent rise in quarterly profit on increased tool sales. 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 from $22.1 million, or 37 cents a share, a year ...

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