UPDATE: Stanley Black & Decker Posts Higher Q2 Earnings

Stanley Black & Decker (NYSE: SWK) reported better-than-expected second-quarter earnings.

Stanley Black & Decker's quarterly earnings rose to $187.1 million, or $1.23 per share, from $154.8 million, or $0.75 per share, in the year-earlier period. On an adjusted basis, it earned $1.21 per share, versus analysts' estimates of $1.20 per share.

Its sales climbed 12% to $2.87 billion.

Stanley Black & Decker shares closed at $82.51 yesterday.