KENOSHA, Wis. (AP) _ Snap-On Inc. (SNA) on Thursday reported fourth-quarter profit of $170.6 million.

On a per-share basis, the Kenosha, Wisconsin-based company said it had net income of $3.08.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.07 per share.

The tool and diagnostic equipment maker posted revenue of $955.2 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $963.4 million.

For the year, the company reported profit of $693.5 million, or $12.41 per share. Revenue was reported as $3.73 billion.

Snap-On shares have dropped slightly more than 3% since the beginning of the year, while the Standard & Poor's 500 index has climbed 3%. The stock has fallen slightly more than 1% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNA at https://www.zacks.com/ap/SNA

Automated Insights, source Associated Press News