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TOWSON, Md., Oct. 14 /PRNewswire/ -- The Black & Decker Corporation (NYSE: BDK) announced today that net earnings for the third quarter of 1998 were $66.6 million or 72 cents per diluted share compared to $58.4 million or 60 cents per diluted share for the same period of 1997. Excluding non- recurring items consisting of a $7.7 million after-tax charge (8 cents per diluted share) for restructuring under a two-year restructuring program announced in January 1998 and a $9.2 million after-tax gain (10 cents per diluted share) on the sale of businesses, net earnings were $65.1 million or 70 cents per diluted share, an increase of 17% over diluted earnings per share for the same period last year.
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