Stanley Black & Decker Guides FY22 Above Estimates - Quick Facts

While reporting financial results for the fourth quarter on Thursday, Stanley Black & Decker (SWK) initiated its earnings and adjusted earnings outlook for the full-year 2022, above analysts' estimates.

For fiscal 2022, the company now projects earnings in a range of $10.10 To $10.70 per share and adjusted earnings in a range of $12.00 To $12.50 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $11.94 per share for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. may face production shortfall of as many as 6 million iPhone Pro units this year due to ongoing protests at its major China plant, Bloomberg reported citing a person familiar with assembly operations. Following the news, Apple shares were losing around 2.2 percent in pre-market activity on the Nasdaq. Despite fears of inflation, consumers spent $9.12 billion for online shopping during Black Friday, higher than in previous years, as per a report published by Adobe Analytics. During the 2022 holiday season, total estimated revenues are $209.7 billion, a growth of 2.5 percent from last year's recorded revenues of $205 billion. Weis Markets, Inc., a Mid Atlantic food retailer, has recalled 108 containers of Weis Quality Sea Salt Caramel Ripple Ice Cream citing possible presence of undeclared soy and coconut allergens, the U.S. Food and Drug Administration said. The recalled product comes in 48oz containers that says Weis Quality Sea Salt Caramel Ripple Ice Cream, while the lid says Weis Quality Caramel Caribou Ice Cream
Follow RTT