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Stanley Black & Decker (NYSE:SWK) reported second-quarter earnings of $2.66 per share, which beat the analyst consensus estimate of $2.55 by 4.31%. This is a 3.5% increase over earnings of $2.57 per share from the same period last year.
The company reported quarterly sales of $3.76 billion, which missed the analyst consensus estimate of $3.8 billion by 1.05%. This is a 3.18% increase over sales of $3.644 billion the same period last year.
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"We achieved a strong second quarter financial performance which included above-market organic growth led by Tools & Storage, 60 basis points of operating margin rate expansion, and earnings per share growth, while successfully overcoming $110 million in external pre-tax margin headwinds,” said Stanley Black & Decker CEO James Loree.
Stanley Black & Decker shares were trading up 0.35% at $142 during Tuesday’s pre-market session. The stock has a 52-week high of $155.22 and a 52-week low of $106.41.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.