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Stanley Black & Decker Declines Slightly Despite Nailing Earnings

Tony Owusu

was down 0.7% Wednesday, after rising earlier in the session, after the company reported strong first-quarter earnings that easily topped analysts' expectations. "We continue to have a series of strong growth catalysts that position us well to deliver share gains, including the ongoing Craftsman brand rollout, Lenox and Irwin revenue synergies, FlexVolt, e-commerce, emerging markets and new innovations. Loree said that the company had above-market organic growth of 5% that was led 7% organic growth from its tools and storage segment.