Stanley Black & Decker, Inc. Q1 Profit Advances 14%

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

The company said its bottom line climbed to $189.4 million, or $1.28 per share. This was up from $166.8 million, or $1.07 per share, in last year's first quarter.

Analysts had expected the company to earn $1.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.5% to $2.67 billion. This was up from $2.63 billion last year.

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

-Earnings (Q1): $189.4 Mln. vs. $166.8 Mln. last year. -Earnings Growth (Y-o-Y): 13.5% -EPS (Q1): $1.28 vs. $1.07 last year. -EPS Growth (Y-o-Y): 19.6% -Analysts Estimate: $1.14 -Revenue (Q1): $2.67 Bln vs. $2.63 Bln last year. -Revenue Change (Y-o-Y): 1.5%