UPDATE: Stanley Black & Decker Posts Lower Q3 Profit, Cuts Full-Year Forecast

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Stanley Black & Decker
SWK
reported a decline in its third-quarter profit and lowered its full-year earnings forecast. Stanley Black & Decker now projects full-year adjusted earnings of around 5.25 per share, versus its earlier view of $5.40 to $5.65 per share. Stanley Black & Decker shares closed at $72.32 yesterday.
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