Why Are Stanley Black & Decker (SWK) Shares Soaring Today
Shares of manufacturing company Stanley Black & Decker (NYSE:SWK) jumped 7.8% in the morning session after the company reported a "beat and raise" quarter. Stanley Black & Decker blew past analysts'' EPS expectations this quarter. Its organic revenue also topped Wall Street''s estimates. Lastly, the company raised full-year EPS guidance, which is icing on the cake. However, the company provided cautious comments heading into the second half of the year, adding, "As we look to the back half of 2024, we expect mixed demand trends across our markets." Overall, we think this was a really good quarter that should please shareholders.
https://stockstory.org/nyse/swk/why-it-moves-single/why-are-stanley-black-and-decker-swk-shares-soaring-today