We upgraded Stanley Black & Decker stock despite the post-earnings selling

Stanley Black & Decker reported mixed quarterly results before Tuesday's opening bell, and the stock got whacked. While the numbers were disappointing, the company's turnaround continues to plan. Revenue fell 5% year over year to $3.75 billion in the third quarter, shy of the $3.8 billion expected by analysts, according to estimates compiled by LSEG. Organically, sales were down 2% year-over-year. Adjusted earnings per share rose 16% to $1.22, topping LSEG's estimate of $1.05.

The New York Stock Exchange welcomes DEWALT , on May 14, 2024, in celebration of its 100th anniversary of founding. To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.reported mixed quarterly results before Tuesday's opening bell, and the stock got whacked. While the numbers were disappointing, the company's turnaround continues to plan.

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