Stanley Black & Decker posts Q4 loss

NEW BRITAIN, Conn. — Stanley Black & Decker reported a $66.7 million loss for Q4 of 2018, with earnings in line with Wall Street expectations. The tool maker had posted a profit for the same period in 2017. Adjusted for merger and acquisition costs, earnings for the quarter amounted to $2.11 per share. Total revenues of $3.63 billion topped estimates. For the fiscal year, Stanley reported earnings of $645.3 million, or $4.26 per share, and revenues of $13.98 billion.