Stanley Black & Decker shares are trading lower after the company reported Q3 sales below estimates and narrowed its FY24 adjusted EPS forecast.
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker's shares fell as the company reported Q3 sales below expectations and narrowed its FY24 adjusted EPS forecast.
October 29, 2024 | 10:49 am
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NEGATIVE IMPACT
Stanley Black & Decker's shares are trading lower due to Q3 sales missing estimates and a narrowed FY24 adjusted EPS forecast.
The company's Q3 sales were below expectations, which typically leads to a negative market reaction. Additionally, narrowing the FY24 EPS forecast suggests potential challenges ahead, further contributing to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100