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Stanley Works Rises After 1Q Earnings Beat Street

Stock quotes in this article: SWK  

CHICAGO (AP) — Stanley Works shares climbed Friday after the tool maker posted a better-than-expected first-quarter profit and issued a full-year outlook.

The New Britain, Conn.-based company said it earned $37.7 million, or 47 cents per share, for the three months that ended compared with $66.5 million, or 83 cents per share, a year earlier.

Revenue slipped 15 percent to $913 million, from $1.07 billion in the first quarter of 2008. ...

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