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Earnings Beat, Stocks Flat | Business and Finance News
Description
Professional tools and equipment companies delivered solid Q2 earnings, beating revenue expectations by nearly 2% and forecasting a 14% jump next quarter — yet stocks barely budged. Stanley Black & Decker matched forecasts but lagged peers in performance, yet saw stock gains. Kennametal soared with 40% revenue growth, only to see its stock plummet despite strong outlooks. Lincoln Electric climbed 12% in revenue and gained ground, while Hyster-Yale’s 15% year-over-year drop masked strong earnings beats — showing the market’s puzzling indifference to stellar results.
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