Stanley Black & Decker Inc (NYSE:SWK). (SWK) is a leading global manufacturer of branded tools and engineered solutions for professional, industrial and consumer applications. Also, the company provides integrated access and security solutions to commercial, institutional and residential customers. This New Britain, CT-based company has a $17.3 billion market capitalization.
However, weak industrial activities in the U.S. as well as damper global economy in the second quarter 2016 might have adversely impacted demand for Stanley Black & Decker’s products. Also, the company is likely to face severe headwinds from adverse currency translation movements. Investors are eagerly waiting for the company’s latest earnings report.
Stanley Black & Decker’s earnings track record has been impressive in the trailing four quarters. Better-than-expected results in all four quarters led to an average earnings surprise of +4.54%.
Currently, Stanley Black & Decker carries a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Stanley Black & Decker reported earnings from continuing operations of $1.84 per share in second-quarter 2016. The bottom line result was above the Zacks Consensus Estimate of $1.71 per share.
Revenue: Revenues surpassed. Stanley Black & Decker generated revenues of $2.932 billion, above the Zacks Consensus Estimate of $2.89 billion.
Key Stats to Note: Stanley Black & Decker raised its earnings guidance to $6.30−$6.50 per share from the previous projection of $6.20−$6.40.
Stock Price: Stanley Black & Decker shares were down 1.73% ahead of the report. while no movement was noticed in the pre-market trading session.
Check back our full write up on this SWK earnings report later!
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