Investing.com - Stanley Black Decker reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Stanley Black Decker announced earnings per share of $3.29 on revenue of $4.4B. Analysts polled by Investing.com anticipated EPS of $3.01 on revenue of $4.11B.
Stanley Black Decker shares are down 2% from the beginning of the year, still down 10.98% from its 52 week high of $194.74 set on November 24, 2020. They are under-performing the S&P Global 100 which is up 1.8% 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 missed by Tesla on Wednesday, who reported EPS of $0.8 on revenue of $10.41B, compared to forecasts EPS of $1.04 on revenue of $10.47B.
Louis Vuitton ADR had beat expectations on Wednesday with fourth quarter EPS of $2 on revenue of $17.29B, compared to forecast for EPS of $1.75 on revenue of $17.34B.
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