Stanley Black & Decker Beats Q4 Expectations with Strong Revenue and Earnings
Stanley Black & Decker Inc. (SWK) reported solid fourth-quarter financial results, surpassing market estimates.
Key Highlights:
* Net income: $194.9 million, or $1.28 per share
* Adjusted earnings: $1.49 per share
* Revenue: $3.72 billion
Analyst Estimates:
* Earnings per share: $1.28
* Revenue: $3.57 billion
Full-Year Results:
* Net income: $294.3 million, or $1.95 per share
* Revenue: $15.37 billion
Stanley Black & Decker's strong performance was driven by increased demand for its tools and products. The company's revenue growth exceeded analyst expectations, indicating a positive outlook for the industry. Investors reacted favorably to the results, with SWK stock rising over 1.75% in pre-market trading.
For more detailed analysis and insights on SWK, visit Zacks Investment Research at https://www.zacks.com/ap/SWK.