UPDATE 2-Black & Decker profit slides, cuts '09 view

jueves 23 de abril de 2009 15:12 CEST
 

* Q1 EPS $0.22 ex items

* Q1 revenue $1.07 bln

* Sees 2009 shr $1.50-$1.90 ex items

* Sees Q2 shr $0.35-$0.45

* Shares fall in pre-market trade

(Adds details, share movement)

April 23 (Reuters) - Tool maker Black & Decker Corp BDK.N posted a 93 percent drop in quarterly profit and cut its 2009 outlook as demand weakened across its businesses.

"End-market conditions, particularly in Europe and the automotive industry, continued to deteriorate sharply in the first quarter," Chief Executive Nolan Archibald said in a statement.

He said the company has intensified efforts to reduce costs.   Continuación...