NEW BRITAIN – Stanley Black & Decker Inc. (SWK) on Tuesday reported fourth-quarter earnings of $328.6 million.
On a per-share basis, the New Britain-based company said it had net income of $1.99. Earnings, adjusted for one-time gains and costs, came to $2.14 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.06 per share.
The tool company posted revenue of $4.07 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $4.45 billion.
For the year, the company reported profit of $1.68 billion, or $10.16 per share. Revenue was reported as $15.62 billion.
Stanley Black & Decker expects full-year earnings in the range of $12 to $12.50 per share.
This story was generated by Automated Insights (automatedinsights.com/ap) using data from Zacks Investment Research.