RTTNews | Apr 28, 2021 06:04AM EDT

06:04 Wednesday, April 28, 2021 (RTTNews.com) - Stanley Black & Decker, Inc. (SWK) announced a profit for its first quarter that rose from last year.

The company's bottom line came in at $478.0 million, or $2.98 per share. This compares with $133.2 million, or $0.88 per share, in last year's first quarter.

Excluding items, Stanley Black & Decker, Inc. reported adjusted earnings of $500.8 million or $3.13 per share for the period.

Analysts had expected the company to earn $2.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 34.2% to $4.20 billion from $3.13 billion last year.

Stanley Black & Decker, Inc. earnings at a glance:

-Earnings (Q1): $500.8 Mln. vs. $182.8 Mln. last year.-EPS (Q1): $3.13 vs. $1.20 last year.-Analysts Estimate: $2.56-Revenue (Q1): $4.20 Bln vs. $3.13 Bln last year.

-Guidance:Full year EPS guidance: $10.70 - $11.00

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