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BUZZ-Stanley Black & Decker falls after forecasting weak annual profit

ReutersFeb 5, 2025 2:14 PM

Tool maker Stanley Black & Decker's SWK.N shares fall 4.8% to $82.50 premarket

SWK forecast annual profit below estimates, hurt by tepid demand for its power tools, and said it was preparing measures to mitigate a hit from the recent tariffs announced by U.S. President Donald Trump

Co expects 2025 adjusted profit to be $5.25/shr, plus or minus 50 cents, compared with Wall Street expectations of $5.38/shr, according to data compiled by LSEG

Q4 adjusted profit of $1.49/shr, tops analysts' estimates of $1.27/shr

Q4 total revenue of $3.72 bln beats expectations of $3.58 bln

In 2024, SWK was down 18%

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