Stanley Black & Decker Inc (NYSE:SWK) shares are trading higher after the company reported second-quarter FY24 results. Sales declined 3.3% year-on-year to $4.024 billion, beating the analyst consensus estimate of $4.016 billion. The revenue declined as volume growth (+2%) was offset by the previously announced Infrastructure business divestiture (-3%), currency (-1%) and price (-1%). Gross profit increased 22.4% to $1.14 billion, and the gross margin expanded 600 basis points to 28.4%. Operation profit for the quarter jumped 138.5% to $56.3 million, and the operating margin expanded 80 ...