Stanley Black & Decker, Inc. Bottom Line Rises 6% In Q3

(RTTNews) - Stanley Black & Decker, Inc. (SWK) revealed a profit for its third quarter that rose compared to the same period last year.

The company said its bottom line came in at $248.9 million, or $1.68 per share. This was up from $234.1 million, or $1.55 per share, in last year's third quarter.

Analysts had expected the company to earn $1.62 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.8% to $2.88 billion. This was up from $2.83 billion last year.

Stanley Black & Decker, Inc. earnings at a glance:

-Earnings (Q3): $248.9 Mln. vs. $234.1 Mln. last year. -Earnings Growth (Y-o-Y): 6.3% -EPS (Q3): $1.68 vs. $1.55 last year. -EPS Growth (Y-o-Y): 8.4% -Analysts Estimate: $1.62 -Revenue (Q3): $2.88 Bln vs. $2.83 Bln last year. -Revenue Change (Y-o-Y): 1.8%

-Guidance: Full year EPS guidance: $6.40 to $6.50