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home / articles / SWK - Why Industrial Tools Maker Stanley Black & Decker's Shares Are Trading Higher Today | Benzinga
Stanley Black & Decker Inc (NYSE: SWK) reported a third-quarter FY23 sales decline of 4.1% year-on-year to $3.953 billion, missing the analyst consensus estimate of $3.965 billion.
The revenue decline is primarily due to lower outdoor and DIY volume as well as attachment tool customer destocking.
Gross profit increased 4.2% to $1.06 billion, and the gross margin expanded 210 ...
| Company Name: | Stanley Black & Decker Inc. |
| Stock Symbol: | SWK |
| Market: | NYSE |
| Website: | stanleyblackanddecker.com |
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