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Stanley Black & Decker: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

NEW BRITAIN, Conn. (AP) — NEW BRITAIN, Conn. (AP) — Stanley Black & Decker Inc. (SWK) on Tuesday reported a loss of $11.2 million in its second quarter.

The New Britain, Connecticut-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, were $1.09 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The tool company posted revenue of $4.02 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $4.01 billion.

Stanley Black & Decker expects full-year earnings in the range of $3.70 to $4.50 per share.

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