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NEW BRITAIN, Conn. (AP) — NEW BRITAIN, Conn. (AP) — Stanley Black & Decker Inc. (SWK) on Tuesday reported third-quarter earnings of $91.1 million.
The New Britain, Connecticut-based company said it had net income of 60 cents per share. Earnings, adjusted for non-recurring costs, came to $1.22 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The tool company posted revenue of $3.75 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $3.78 billion.
Stanley Black & Decker expects full-year earnings in the range of $3.90 to $4.30 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SWK at https://www.zacks.com/ap/SWK