Stanley Black & Decker: Q3 Earnings Snapshot
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NEW BRITAIN, Conn. (AP) _ Stanley Black & Decker Inc. (SWK) on Thursday reported third-quarter profit of $414.2 million.
The New Britain, Connecticut-based company said it had net income of $2.56 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $2.77 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.47 per share.
The tool company posted revenue of $4.26 billion in the period, which met Street forecasts.
Stanley Black & Decker expects full-year earnings in the range of $10.90 to $11.10 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
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