Movement Alert｜Stanley Black & Decker Intraday Rise 11.99%, quarterly earnings beat expectations

Market Focus11-04 23:25

On November 4, Stanley Black & Decker rose 11.99% in Regular Trading, trading at $117.59/share, with turnover of $167 million.

The move followed the company’s latest quarterly results, which showed adjusted EPS of $1.57, above the market expectation of $1.22, while sales were $3.961 billion versus an expected $3.967 billion.

Earlier earnings preview data had pointed to market focus on margin repair and cash flow improvement, with consensus expecting revenue of about $3.741 billion and adjusted EPS of $1.56. The reported profit beat appears to have outweighed the slight revenue shortfall, helping drive a sharp positive reaction in the shares during the session.

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