Black & Decker (BDK)

Tool maker Black & Decker Corp (BDK.N) posted a 35 percent drop in third-quarter profit on lower sales.For the third quarter ended Sept 30, Black and Decker reported net income of $55.4 million, or 91 cents a share, compared with $85.8 million, or $1.41 a share a year earlier. Sales declined 23 percent to $1.2 billion.
Company beat market estimates as it cut costs, and forecast fourth-quarter earnings above market estimates.

Oct 22 · 10:03:00 AM · Source: Reuters
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by Larry Etter