Legget & Platt: Q1 Earnings Snapshot

CARTHAGE, Mo. (AP) — CARTHAGE, Mo. (AP) — Leggett & Platt Inc. (LEG) on Monday reported first-quarter profit of $30.6 million.

On a per-share basis, the Carthage, Missouri-based company said it had net income of 22 cents. Earnings, adjusted for one-time gains and costs, were 24 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The engineered component manufacturer posted revenue of $1.02 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.03 billion.

Legget & Platt expects full-year earnings in the range of $1 to $1.20 per share, with revenue in the range of $4 billion to $4.3 billion.

_____

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