Stanley Black & Decker Raises 2016 EPS Outlook - Quick Facts

(RTTNews) - tanley Black & Decker (SWK) raised the range of its 2016 EPS outlook to $6.20 - $6.40 from $6.00 - $6.20. Analysts polled by Thomson Reuters expect the company to report profit per share of $6.17. Analysts' estimates typically exclude special items.

The company said its revised 2016 EPS outlook reflects the net favorable impact of stronger organic growth within its Tools & Storage business, leading to revise the company's organic growth outlook for the year from approximately 3% to 3 to 4%, and an estimated $40 million of lower than expected foreign currency headwinds for the year, which, in the aggregate, are expected to more than offset slightly higher than planned expenses relating to a major Tools & Storage product launch in the back half of 2016.