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Stanley Black & Decker stock set for selloff after earnings beat but outlook cut, citing negative inflation impact

Stanley Black & Decker stock set for selloff after earnings beat but outlook cut, citing negative inflation impact

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Shares of Stanley Black & Decker Inc. SWK, -2.58% were indicated down about 3% in premarket trading Thursday, after the tools maker reported third-quarter profit and revenue that topped expectations but cut its full-year outlook, citing the negative effects of commodity, transit and labor inflation. Net income rose to $414.2 million, or $2.56 a share, from $385.5 million, or $2.44 a share, in th year-ago period.

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