Stanley Black & Decker earnings beat estimates

NEW BRITAIN, Conn. — Stanley Black & Decker reported Q2 adjusted earnings of $2.66 per share, exceeding the Zacks Consensus Estimate of $2.55. Earnings overall rose 3.5% from Q2 of last year. Revenues increased to $3.8 billion, compared to $3.6 billion a year ago. The gains were primarily driven by higher volume, price changes and acquired assets, partially offset by adverse effects of foreign currency movements.