Stanley Black & Decker Q2 2024 Adj. EPS $1.09 Beats $0.84 Estimate, Sales $4.024B Beat $4.016B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker (NYSE:SWK) reported Q2 2024 adjusted EPS of $1.09, beating the $0.84 estimate. Sales were $4.024 billion, slightly above the $4.016 billion estimate but down 3.25% from last year.
July 30, 2024 | 10:01 am
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Stanley Black & Decker reported Q2 2024 adjusted EPS of $1.09, beating the $0.84 estimate by 29.76%. Sales were $4.024 billion, slightly above the $4.016 billion estimate but down 3.25% from last year.
The significant EPS beat (29.76% above estimates) is likely to positively impact SWK's stock price in the short term. However, the slight sales beat and year-over-year decline in sales may temper the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100