Thursday, October 25, 2018

Stanley Black & Decker Cuts FY18 Outlook, Announces New Cost Reduction Program

Stanley Black & Decker (SWK) on Thursday slashed its earnings outlook for fiscal 2018 to a range of $5.90 to $6.00 per share from the prior guidance range of $7.00 to $7.20 per share. It also cut adjusted earnings guidance to a range of $8.10 to $8.20 per share from the previous forecast range of $8.30 to $8.50 per share.

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