NEW BRITAIN, Conn. (AP) — NEW BRITAIN, Conn. (AP) — Stanley Black & Decker Inc. (SWK) on Tuesday reported third-quarter profit of $51.4 million.
The New Britain, Connecticut-based company said it had profit of 34 cents per share. Earnings, adjusted for non-recurring costs, were $1.43 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The tool company posted revenue of $3.76 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $3.77 billion.
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