Stanley Black & Decker Q3 Earnings: Revenue Misses, Cost Savings Drive Margin Gains, Narrows 2024 EPS Guidance & More
Portfolio Pulse from Akanksha Bakshi
Stanley Black & Decker reported mixed Q3 results with a revenue decline but improved margins due to cost savings. The company narrowed its 2024 EPS guidance, and shares fell 6.83% premarket.
October 29, 2024 | 1:18 pm
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Stanley Black & Decker's Q3 earnings report showed a revenue miss but improved margins due to cost savings. The company narrowed its 2024 EPS guidance, leading to a 6.83% drop in share price premarket.
The revenue miss and narrowed EPS guidance are negative indicators, leading to a drop in share price. However, improved margins and cost savings are positive aspects, but the immediate market reaction is negative.
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