Stanley Black & Decker: Q2 Earnings Snapshot
By AP News
Published - Jul 30, 2024, 06:08 AM ET
Last Updated - Jul 30, 2024, 06:08 AM EDT
NEW BRITAIN, Conn. (AP) — NEW BRITAIN, Conn. (AP) — Stanley Black & Decker Inc. (SWK) on Tuesday reported a loss of $11.2 million in its second quarter.
The New Britain, Connecticut-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, were $1.09 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The tool company posted revenue of $4.02 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $4.01 billion.
