Investing.com - Stanley Black Decker reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Stanley Black Decker announced earnings per share of $2.98 on revenue of $4.20B. Analysts polled by Investing.com anticipated EPS of $2.56 on revenue of $3.96B.
Stanley Black Decker shares are up 16% from the beginning of the year, still down 1.65% from its 52 week high of $211.42 set on April 26. They are outperforming the S&P 500 which is up 11.47% 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 Monday, who reported EPS of $0.93 on revenue of $10.39B, compared to forecasts EPS of $0.7428 on revenue of $10.42B.
PACCAR had beat expectations on Tuesday with first quarter EPS of $1.35 on revenue of $5.41B, compared to forecast for EPS of $1.29 on revenue of $5.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar