Investing.com - Stanley Black Decker reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Stanley Black Decker announced earnings per share of $2.89 on revenue of $3.85B. Analysts polled by Investing.com anticipated EPS of $2.68 on revenue of $3.98B.
Stanley Black Decker shares are up 4% from the beginning of the year, still down 4.47% from its 52 week high of $180.94 set on October 23. They are under-performing the S&P 500 which is up 5.27% from the start of the year.
Stanley Black Decker follows other major Consumer Cyclical sector earnings this month
Stanley Black Decker's report follows an earnings beat by Tesla on October 21, who reported EPS of $0.76 on revenue of $8.77B, compared to forecasts EPS of $0.57 on revenue of $8,435M.
Illinois Tool Works had beat expectations on Friday with third quarter EPS of $1.83 on revenue of $3.31B, compared to forecast for EPS of $1.47 on revenue of $2.98B.
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