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Stanley Black & Decker: Q2 Earnings Insights

Benzinga Insights
·1 min read

Shares of Stanley Black & Decker (NYSE:SWK) rose 2.5% after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 39.85% year over year to $1.60, which beat the estimate of $1.23.

Revenue of $3,147,000,000 decreased by 16.33% year over year, which beat the estimate of $3,110,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Stanley Black & Decker hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 30, 2020

View more earnings on SWK

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ioyva72s

Technicals

52-week high: $173.67

Company's 52-week low was at $70.00

Price action over last quarter: Up 46.58%

Company Overview

Stanley Black & Decker Inc is a manufacturer of hand and power tools. The company operates three business segments: tools and storage, security, and industrial. Tools and storage, the largest segment by revenue, sells hand tools and power tools to professional end-users, distributors, retail consumers, and industrial customers. Security installs electronic security systems and provides electronic security services including alarm monitoring and video surveillance. Industrial sells engineered fastening products such as stud-welding systems, blind inserts and tools, and engineered plastic and mechanical fasteners. The largest end market is the United States of America.

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