Investing.com - Stanley Black Decker reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Stanley Black Decker announced earnings per share of $1.77 on revenue of $4.39B. Analysts polled by Investing.com anticipated EPS of $2.13 on revenue of $4.74B.
Stanley Black Decker shares are down 14.44% from the beginning of the year and are trading at $117.45 , down-from-52-week-high.They are outperforming the S&P 500 which is down 15.58% from the start of the year.
Stanley Black Decker follows other major Industrials sector earnings this month
Stanley Black Decker's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on July 21 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
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