(Reuters) - Citing strong international demand for power tools and favorable U.S. order trends, Black & Decker raised its first-quarter outlook to $1.60 per share, up from a previous view of $1.25 per share to $1.30 per share.
Analysts had forecast earnings of $1.26 per share, according to Reuters Estimates. However, the company said it would increase its full-year earnings forecast only slightly when it reports quarterly results later this month because the economic environment remains challenging.
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