Investing.com - Stanley Black Decker reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Stanley Black Decker announced earnings per share of $1.2 on revenue of $3.13B. Analysts polled by Investing.com anticipated EPS of $1.16 on revenue of $3.28B. That with comparison to EPS of $1.42 on revenue of $3.33B in the same period a year before. Stanley Black Decker had reported EPS of $2.18 on revenue of $3.71B in the previous quarter. Analysts are expecting EPS of $1.66 and revenue of $3.31B in the upcoming quarter.
Stanley Black Decker shares are down 26% from the beginning of the year , still down 29.70% from its 52 week high of $173.67 set on January 17. They are under-performing the S&P 500 which is down 9.4% year to date.
Stanley Black Decker follows other major Consumer Cyclical sector earnings this month
Stanley Black Decker's report follows an earnings beat by Tesla on Wednesday, who reported EPS of $1.24 on revenue of $5.99B, compared to forecasts EPS of $-0.25 on revenue of $6.16B.
Volkswagen 10 Pref ADR had missed expectations on Wednesday with first quarter EPS of $0.08 on revenue of $59.75B, compared to forecast for EPS of $0.12 on revenue of $58.33B.
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