Why Stanley Black & Decker Stock Tumbled by 7% on Tuesday

Despite decades of experience and renown as a toolmaker, Stanley Black & Decker (NYSE: SWK) couldn't fix investors' sentiment about its stock Tuesday. On the back of dispiriting second-quarter results published this morning, those folks sold out of the company's shares, leaving a more than 7% slide in price. That was a far steeper fall than the S&P 500 index's 0.3% dip.Stanley Black & Decker's just-reported quarter saw the company book revenue of $3.9 billion, which was down by 2% year over year. Management attributed this to a sluggish outdoor buying season, combined with shipment disruptions directly related to the tariffs imposed by the current presidential administration. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool