Legget & Platt: 1Q Earnings Snapshot

CARTHAGE, Mo. (AP) _ Leggett & Platt Inc. (LEG) on Monday reported first-quarter earnings of $61.2 million.

The Carthage, Missouri-based company said it had profit of 45 cents per share. Earnings, adjusted for one-time gains and costs, were 49 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The engineered component manufacturer posted revenue of $1.16 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $1.18 billion.

Legget & Platt expects full-year earnings in the range of $2.45 to $2.65 per share, with revenue in the range of $4.95 billion to $5.1 billion.

Legget & Platt shares have climbed 16% since the beginning of the year, while the Standard & Poor's 500 index has increased 17%. In the final minutes of trading on Monday, shares hit $41.63, a climb of slightly more than 1% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEG at https://www.zacks.com/ap/LEG