Stanley Black & Decker lowers guidance, shares fall

Stanley Black & Decker (SWK) reports organic sales rose 4% during Q3.

The company says achieving margin rates in the high teens is taking longer than expected, due in part to weakness in emerging markets.

2013 FY guidance is revised to $4.90-$5.00 vs. $5.40-$5.65 prior. (PR)

SWK -5.0% premarket.

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