Stanley Black & Decker Q3 2024 Adj. EPS $1.22 Beats $1.05 Estimate, Sales $3.751B Miss $3.804B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker reported Q3 2024 earnings per share of $1.22, surpassing the analyst estimate of $1.05. However, their sales of $3.751 billion fell short of the expected $3.804 billion, marking a 5.13% decline from the previous year.
October 29, 2024 | 10:03 am
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Stanley Black & Decker's Q3 2024 earnings per share exceeded expectations, but sales fell short, indicating mixed financial performance.
The earnings per share (EPS) beat suggests positive profitability, which is favorable for the stock. However, the sales miss and year-over-year decline in revenue could raise concerns about growth, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100