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Stanley Black & Decker overcame a soft demand environment to deliver a top and bottom line beat Thursday, but the stock is falling because the toolmaker simply reiterated its guidance. That’s a fate shared by home-improvement peers and many other companies this earnings season. We added to our position on the pullback. Revenue fell 2% year over year in the January-to-March period to $3.87 billion, edging out the $3.82 billion expected by analysts, according to estimates compiled by LSEG. Adjusted earnings per share came in at 56 cents, topping the 54-cent estimate, LSEG data showed. Stanley Black & Decker Why we own it: Stanley Black & Decker is in the later innings of a multi-year…
Source cnbc.com
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