Stanley Black & Decker Q3 Adj EPS $1.05 Beats $0.83 Estimate, Sales $3.953B Miss $3.965B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker's Q3 adjusted earnings per share of $1.05 beat the analyst consensus estimate of $0.83 by 26.51%, a 38.16% increase from the same period last year. However, the company's quarterly sales of $3.953 billion missed the analyst consensus estimate of $3.965 billion by 0.30%, a 4.05% decrease from the same period last year.
October 27, 2023 | 10:04 am
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Stanley Black & Decker's Q3 earnings beat estimates but sales missed, indicating mixed performance.
Stanley Black & Decker's Q3 earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These two factors could offset each other, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100