We're raising our Stanley Black & Decker price target on the stock's earnings rally

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 72%

Club Earnings Nouvelles

Jim Cramer,Investment Strategy,Markets

The evolving turnaround plans are setting the tool company up for profitable growth as the economic backdrop improves and interest rates come back down.

Stanley Black & Decker on Tuesday morning delivered solid quarterly results — enhanced by strong cash flow performance, allowing management to raise its full-year guidance. The stock continued its recent rally. Revenue fell 3% year over year to $4.024 billion in the second quarter, edging out the $4.016 billion expected by analysts, according to estimates compiled by LSEG. Organically, sales were up 1% year-over-year. Adjusted earnings per share came in at $1.

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®.on Tuesday morning delivered solid quarterly results — enhanced by strong cash flow performance, allowing management to raise its full-year guidance. The stock continued its recent rally.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités