Stanley Black & Decker, Inc. Q1 Profit Climbs 108%

(RTTNews) - Stanley Black & Decker, Inc. (SWK) released earnings for its first quarter that advanced compared to the same period last year.

The company said its bottom line rose to $393.1 million, or $2.59 per share. This was higher than $189.4 million, or $1.28 per share, in last year's first quarter.

Analysts had expected the company to earn $1.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.2% to $2.81 billion. This was up from $2.67 billion last year.

Stanley Black & Decker, Inc. earnings at a glance:

-Earnings (Q1): $393.1 Mln. vs. $189.4 Mln. last year. -Earnings Growth (Y-o-Y): 107.6% -EPS (Q1): $2.59 vs. $1.28 last year. -EPS Growth (Y-o-Y): 102.3% -Analysts Estimate: $1.20 -Revenue (Q1): $2.81 Bln vs. $2.67 Bln last year. -Revenue Change (Y-o-Y): 5.2%