Leggett & Platt Inc. Q1 adjusted earnings Miss Estimates

Leggett & Platt Inc. (LEG) released earnings for first quarter that fell from last year.

The company's profit totaled $77.9 million, or $0.57 per share. This compares with $86.1 million, or $0.62 per share, in last year's first quarter.

Analysts had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.3% to $1.03 billion from $0.96 billion last year.

Leggett & Platt Inc. earnings at a glance:

-EPS (Q1): $0.57 vs. $0.62 last year.
-Analysts Estimate: $0.59
-Revenue (Q1): $1.03 Bln vs. $0.96 Bln last year.

Full year EPS guidance: $2.60 - 2.80
Full year revenue guidance: $4.3 - $4.4 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT