Stanley Black & Decker Profit Down In Q3; Cuts Outlook Below View - Update

(Adds Outlook)

Stanley Black & Decker, Inc. (SWK) revealed a profit for third quarter that decreased from last year

The company's earnings totaled $36.9 million, or $0.24 per share. This compares with $380.0 million, or $2.30 per share, in last year's third quarter.

Excluding items, Stanley Black & Decker, Inc. reported adjusted earnings of $0.76 per share for the period.

The company's revenue for the quarter rose 9.0% to $4.12 billion from $3.78 billion last year.


Stanley Black & Decker trimmed its full-year earnings outlook to $0.10-$0.80 per share from its previous view of $0.80-$2.05. Excluding items, it now exects earnings of $4.15 to $4.65 per share from its previous guidance of $5.00 to $6. The company cited lower fourth-quarter revenue, currency translation among others for the new expectations.

16 analysts on average surveyed by Thomson-Reuters expect the company to report earnings of $5.41 a share for the full year.

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

-Earnings (Q3): $36.9 Mln. vs. $380.0 Mln. last year.
-EPS (Q3): $0.24 vs. $2.30 last year.
-Revenue (Q3): $4.12 Bln vs. $3.78 Bln last year.

Full year EPS guidance: $4.15 to $4.65

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