Stanley Black & Decker Stock Falls as Tool Company Reports Consumer, Auto Weakness

Key Takeaways Stanley Black & Decker missed profit and sales estimates on weak demand from consumers and the automotive sector. Gross margin widened on improvements in the toolmaker's supply chain. The tool company narrowed its full-year adjusted earnings per share forecast. The news sent its shares into negative territory for the year so far. Stanley Black & Decker (SWK) shares plunged as the toolmaker posted worse-than-expected results and narrowed its guidance, citing falling consumer demand and a slowdo ...