NEW BRITAIN, Conn. (AP) — NEW BRITAIN, Conn. (AP) — Stanley Black & Decker Inc. (SWK) on Wednesday reported fourth-quarter earnings of $158.2 million.
On a per-share basis, the New Britain, Connecticut-based company said it had profit of $1.04. Earnings, adjusted for non-recurring costs, were $1.41 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The tool company posted revenue of $3.68 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $3.76 billion.
For the year, the company reported profit of $401.9 million, or $2.65 per share. Revenue was reported as $15.13 billion.
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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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