On Thursday, Black & Decker (NYSE:BDK) announced third-quarter net earnings of $85.8 million, or $1.42 per share, an 18% decline from the $104.6 million, or $1.59 per share, posted in the previous year. Sales for the period fell 4% to $1.6 billion. Analysts had expected the company to post a profit of $1.28 per share on revenues of $1.52 billion. The Maryland-based company lowered its full year earnings forecast to $5.20 to $5.40 per share, while projecting fourth-quarter profit to be in the range of $0.70 to $0.90 per share.

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