Stanley Black & Decker (SWK) reported third quarter EPS of $1.95 Tuesday morning, up from $1.68 last year. The consensus estimate was for EPS of $1.87.
The company now expects to report full year adjusted EPS of $7.33 to $7.43, compared to previous guidance of $7.18 to $7.38.
Stanley Black & Decker gapped up sharply Tuesday, but traded in a range for the majority of the session. Shares finished with a gain of 7.55 at $165.74 with volume at a 3-month high. The stock climbed above a 3-week trading range and set a new high for the year.
For comments and feedback contact: editorial@rttnews.com
Business News