— Stanley Black & Decker (NYSE: SWK) reported Q4 2019 earnings of $2.18 per share, vs. $2.18 expected.
— Revenues grew 2% to $3.7 billion, vs. $3.7 billion expected.
— Tools & Storage net sales increased 1% to $2.6 billion.
— Industrials net sales increased 9% to $597 million.
— Security net sales increased 1% to $507 million.
— FY2020 GAAP EPS is expected to be $8.05 to $8.35.
— FY2020 adjusted EPS is expected to be $8.80 to $9.00.
Stock markets shifted to recovery mode as the week came to a close, with the major indices closing higher after staying in the negative territory in the past few weeks.
Renewable energy companies have been gaining attraction in the market due to the strong potential they have. Many countries are now relying mainly on renewable energy for their power consumption.
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the fourth quarter of 2020, reflecting a marked increase in merchandise sales. The results also topped analysts’