Stanley black & decker posts q3 eps $1.53, announces $200 mln cost reduction program

Stanley black & decker reports 3q 2019 results; announces new $200 million cost reduction program.q3 revenue $3.6 billion versus refinitiv ibes estimate of $3.65 billion.reaffirms fy 2019 adjusted earnings per share view $8.35 to $8.45.sees fy 2019 gaap earnings per share $6.50 to $6.60.q3 gaap earnings per share $1.53.q3 earnings per share estimate $2.03 -- refinitiv ibes data.cost reduction program is currently being implemented.stanley black & decker - cost reduction program is expected to have about pre-tax restructuring charge of $150 million expected to be recognized primarily in 2019.fy2019 earnings per share view $8.56 -- refinitiv ibes data.sees 2019 adjusted eps range $8.35 - $8.45.
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