Stanley Works (SWK) Updates Guidance Related To Black & Decker Merger
By Benzinga Staff
November 05, 2009 4:15 PM
November 05, 2009 4:15 PM
Stanley Works (NYSE: SWK) updates guidance related to Black & Decker (NYSE: BDK) merger after taking a charge.
Stanley Works is revising its previous full year 2009 earnings per share guidance of $2.84-$2.94 per share to $2.61-$2.71 per share versus Street view of $2.58.
Management continues to expect gross margins of 40% and free cash flow to be in excess of $300 million for the full year.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
