Stanley Black & Decker Q2 EPS $(0.11) Beats $(0.38) Estimate, Sales $4.20B Beat $4.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker reported Q2 losses of $(0.11) per share, beating the analyst consensus estimate of $(0.38) by 71.05%. The company also reported quarterly sales of $4.20 billion, beating the analyst consensus estimate of $4.12 billion by 1.89%. However, this represents a decrease in both earnings and sales compared to the same period last year.
August 01, 2023 | 10:01 am
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NEUTRAL IMPACT
Stanley Black & Decker's Q2 results exceeded analyst expectations, but showed a decrease compared to last year's figures. This mixed result may lead to uncertain short-term price movements.
Stanley Black & Decker's Q2 results were better than expected, which is typically positive for the stock price. However, the decrease compared to last year's figures introduces uncertainty, which could lead to volatility in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100