logo
Plus   Neg
Share
Email

Stanley Black & Decker Lifts 2019 Profit View

Stanley Black & Decker (SWK) raised its 2019 earnings per share outlook to $7.50 - $7.70 from $7.45 - $7.65 on a GAAP basis, and to $8.50 - $8.70 from $8.45 - $8.65 on an adjusted basis, reflecting incremental organic growth and cost control realized in the first quarter more than offset an incremental $20 million headwind from foreign currency. Analysts polled by Thomson Reuters expect the company to report earnings of $8.53 per share for 2019. Analysts' estimates typically exclude special items.

The company reiterated its free cash flow conversion estimate of bout 85% - 90%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon said it will convert 125,000 of the 175,000 temporary workers it hired in March amid the coronavirus pandemic, to permanent full-time employees in June. The e-commerce giant had hired the temporary employees in March to meet strong consumer demand amid the lockdown. The job openings were in Amazon's fulfillment centers and its delivery network. Mitsubishi Motors North America inc. recalled 141,200 cars and sports utility vehicles (SUVs) due to potential corrosion of the front cross member because of salt water exposure such as from road salt use in cold-weather, according to the National Highway Traffic Safety Administration. The recall is expected to begin on July 14, 2020. The U.S. State of Arizona filed a consumer fraud lawsuit against Google alleging deceptive and unfair practices used to obtain users' location data. In the filing, Arizona Attorney General Mark Brnovich accused that the tech giant exploits these data for its lucrative advertising business. In a tweet, Brnovich said, "We brought forward this action to put a stop to Google's deceptive collection ...
Follow RTT