A recession in the construction industry contributed to a 55 percent decline in Black & Decker Corp.'s second quarter earnings.
The manufacturer and marketer of power tools and home products announced yesterday that it earned $7.3 million, or 11 cents a share, on sales of $1.1 billion. That compares with $16.1 million, or 26 cents a share, on sales of $1.2 billion for the 1990 second quarter.
For the six months, earnings declined 56 percent, to $11.4 million, or 18 cents a share, from $26.1 million, or 43 cents a share the year before. Sales during the first six months of 1991 were $2.19 billion, compared with $2.23 billion during the first half of 1990.