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Search resuls for: "Access Technologies"


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July 26 (Reuters) - Allegion (ALLE.N) raised its annual profit forecast on Wednesday after price increases and solid demand for its electric security devices helped it beat quarterly earnings estimates. "We expect end markets will be stable with continued strong demand for our electronic solutions," CEO John Stone said. Still, the weakness in the residential business prompted the company to lower the top end of its full-year revenue forecast. It now expects full-year organic revenue growth of 5.5% to 6.5%, compared with a prior forecast range of 5.5% to 7.5%. That compared with analysts' estimates for revenue of $934.7 million on profit of $1.71, according to Refinitiv IBES data.
Persons: John Stone, Allegion, Akshita Toshniwal, Shweta Agarwal Organizations: Access Technologies, Thomson
We're adding Stanley Black & Decker (SWK) to the Club's Bullpen — a collection of high-quality stocks we've identified as having the potential to join Jim Cramer's Charitable Trust portfolio. Stanley Black & Decker is a global leader in hand-and-power tools, household hardware and engineered fastening. There remains a significant imbalance in the market between housing supply and demand, with the U.S. housing market still short millions of homes. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Stanley Black & Decker drills are displayed for sale at a Home Depot store in Emeryville, California.
Persons: Stanley Black, Decker, Jim Cramer's, DeWalt —, Stanley, Patrick Hallinan, It's, Jim Cramer, Jim, David Paul Morris Organizations: Trust, Stanley, Federal Reserve, Deutsche Bank, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Ukraine, U.S, Emeryville , California
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