Legget & Platt: Q2 Earnings Snapshot
CARTHAGE, Mo. (AP) — CARTHAGE, Mo. (AP) — Leggett & Platt Inc. (LEG) on Monday reported second-quarter earnings of $54.2 million.
On a per-share basis, the Carthage, Missouri-based company said it had profit of 40 cents. Earnings, adjusted for non-recurring gains, were 38 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The engineered component manufacturer posted revenue of $1.22 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.24 billion.
Legget & Platt expects full-year earnings in the range of $1.45 to $1.65 per share, with revenue in the range of $4.75 billion to $4.95 billion.
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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
