Shares of Stanley Black & Decker SWK dove 4.6% in premarket trading Thursday, after the tools maker reported fourth-quarter results that beat expectations but provided a full-year profit outlook that was less that what was forecast. The company swung to a net loss of $45.0 million, or 34 cents a share, from net income of $328.1 million, or $1.99 a share, in the year-ago period. Excluding nonrecurring items, the adjusted per-share loss of 10 cents beat the FactSet loss concerns of 34 cents.
6% in premarket trading Thursday, after the tools maker reported fourth-quarter results that beat expectations but provided a full-year profit outlook that was less that what was forecast. The company swung to a net loss of $45.0 million, or 34 cents a share, from net income of $328.1 million, or $1.99 a share, in the year-ago period. Excluding nonrecurring items, the adjusted per-share loss of 10 cents beat the FactSet loss concerns of 34 cents. Sales inched up 0.1% to $3.99 billion from $3.