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.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Jim Cramer says buy Stanley Black & Decker's post-earnings plunge 'aggressively'Shares of the Club stock tumbled Tuesday after the DeWalt owner reported earnings.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Wall Street analysts get it wrong on two of our portfolio industrial stocksNew research from Wall Street analysts missed the mark on Stanley Black & Decker and DuPont.
Fuente: CNBC - 🏆 12. / 72 Leer más »