Black & Decker (BDK) Guides In-line for Q3 and FY08
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The Black & Decker Corporation (NYSE: BDK) sees Q3 EPS between $1.30-to-$1.40 vs. consensus of $1.34.
"Looking ahead, we recognize the challenging environment, and continue to expect a mid-to-high single-digit rate of organic sales decline for the third quarter and full year. Our cost reduction efforts remain on track, but the forecast for component inflation has increased somewhat since our April estimate. Therefore, we now expect full-year diluted EPS in the range of $5.25-to-$5.45 per share, excluding the first-quarter restructuring charge of $0.20 per share." (FY EPS consensus is $5.27)
The Black & Decker Corporation is a global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems. [SM]
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