Black & Decker Affirms Q4 Earnings Estimates Jan 6, 2003

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The Black & Decker Corporation said that it expects recurring diluted earnings per share will meet or exceed analysts' consensus estimates of U.S. $1.01 for the fourth quarter and $3.19 for the full-year 2002.

Nolan D. Archibald, chairman and CEO, commented, "We expect to deliver excellent operating profit improvement on low single-digit sales growth for the fourth quarter, as we had anticipated. As a result, we are comfortable with the consensus earnings estimate for the fourth quarter."

The corporation will release details regarding its fourth quarter 2002 results and the outlook for 2003 on Thursday, Jan. 30, 2003.

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