Black & Decker Increases Q1 Guidance Apr 6, 2004

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Power tool maker The Black & Decker Corporation announced that due to strong demand in its North American businesses, it expects to report sales growth of 16 percent for the first quarter of 2004, or mid single-digit growth excluding currency translation and acquisitions.

As a result, it expects that first-quarter diluted earnings per share from continuing operations will be in the U.S. $0.90 to $0.93 a share range, versus prior guidance of $0.65 to $0.70 per share. The company reported diluted earnings per share of $0.55 in the first quarter of 2003.

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