Stanley Black & Decker stock set for selloff after earnings beat but outlook cut, citing negative inflation impact - NewsBreak
By Hardik in Business
Updated 3 years ago
Shares of Stanley Black & Decker Inc. were indicated down about 3% in premarket trading Thursday, after the tools maker reported third-quarter profit and revenue that topped expectations but cut its full-year outlook, citing the negative effects of commodity, transit and labor inflation. Net income rose to $414.2...