Stanley Black & Decker Q1 2024 Adj EPS $0.56 Beats $0.54 Estimate, Sales $3.869B Beat $3.823B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker reported Q1 2024 adjusted EPS of $0.56, surpassing the $0.54 estimate, with sales of $3.869B also beating the $3.823B estimate, despite a 1.59% decrease from the previous year.
May 02, 2024 | 10:02 am
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Stanley Black & Decker's Q1 2024 earnings and sales exceeded analyst expectations, with a minor year-over-year sales decline.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The slight year-over-year sales decline is noted but overshadowed by the positive earnings surprise.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100