Earnings and Revenue:
Investors cheered Stanley Black & Decker's latest numbers as the company announced EPS and revenues that topped predictions. The company reported adjusted net income of $1.34/share versus the $1.32/share estimate and revenues of $2.64 billion versus the $2.56 billion estimate. Revenue climbed 11.3% from the same period last year.
Stanley Black & Decker has averaged revenue growth of 82.6% over the past five quarters.

Official Comment:
Stanley Black & Decker's President and CEO, John F. Lundgren, commented, "We are encouraged with the results our businesses continue to achieve in the midst of the current macroeconomic backdrop. With little to no market growth in many of the industries and developed regions where we have a presence, it is successful new product introductions and ongoing value propositions that have resulted in the market share gains crucial to our company's success. Our revenues within the emerging markets continue to grow at a high rate, and with operating margins above line average, are providing a solid contribution to the company's bottom line as well. Our strong cash position allowed us to acquire $350 million of our stock during the quarter, which was $100 million more than previously communicated, as the volatile stock market presented an incremental opportunity to execute upon this additional element of shareholder value creation."