Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWire - Stanley Black and Decker beat analysts' expectations for first-quarter profit on Thursday, as strong residential construction activity in the United States aided demand for its industrial tools and products.
A tight supply of existing homes in the United States has pushed buyers to opt for newly constructed houses, spurring residential construction.The manufacturer provides hand tools, power tools and industrial products to home improvement retailers, construction businesses and aerospace manufacturers. The Connecticut-based company posted adjusted profit of 56 cents per share for the quarter, compared with analysts' average estimate of 54 cents per share, according to LSEG data.
Total quarterly revenue was $3.87 billion, down 1.5% from a year earlier. Yet, it topped the $3.82 billion estimated by analysts. The company reaffirmed its full-year adjusted profit forecast to be between $3.50 and $4.50 per share.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: timescolonist - 🏆 15. / 75 Read more »
Source: boredpanda - 🏆 18. / 72 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »
Source: boredpanda - 🏆 18. / 72 Read more »