Plus   Neg

Stanley Black & Decker, Inc. Q2 adjusted earnings Beat Estimates

Stanley Black & Decker, Inc. (SWK) reported earnings for second quarter that declined from the same period last year.

The company's bottom line came in at $233.7 million, or $1.52 per share. This compares with $356.3 million, or $2.37 per share, in last year's second quarter.

Excluding items, Stanley Black & Decker, Inc. reported adjusted earnings of $247.0 million or $1.60 per share for the period.

Analysts had expected the company to earn $1.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 16.2% to $3.15 billion from $3.76 billion last year.

Stanley Black & Decker, Inc. earnings at a glance:

-Earnings (Q2): $247.0 Mln. vs. $400.3 Mln. last year.
-EPS (Q2): $1.60 vs. $2.66 last year.
-Analysts Estimate: $1.23
-Revenue (Q2): $3.15 Bln vs. $3.76 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT