Stanley Black & Decker leads S&P 500 decliners after tool maker’s weak quarter leads it to slash guidance
July 28, 2022 at 14:11 PM EDT
Shares of Stanley Black & Decker Inc. 13.7% Thursday to lead S&P 500 decliners after the tool maker's second-quarter earnings fell far short of estimates, it slashed its guidance and announced cost cuts and an overhaul of its supply chain.
