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Home->Fastener News->Stanley Black & Decker Reports First Quarter Earni...You are the 646324 visitors
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Stanley Black & Decker Reports First Quarter Earnings

Stanley Black & Decker Inc. (SWK) on Wednesday reported first-quarter profit of $169.9 million.

On a per-share basis, the New Britain, Connecticut-based company said it had net income of $1.13. Earnings, adjusted for costs related to mergers and acquisitions, were $1.42 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The tool company posted revenue of $3.33 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $3.31 billion.

Stanley Black & Decker expects full-year earnings in the range of $8.50 to $8.70 per share.

Stanley Black & Decker shares have climbed 23 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 17 percent. The stock has increased slightly more than 3 percent in the last 12 months.

Source: Industrial Distribution

2019/4/25 15:22:00

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