Leggett & Platt, Inc. (LEG) reported fourth quarter net income attributable to the company of $35.2 million or $0.23 per share, compared to a loss of $18.0 million or $0.11 per share in the previous year quarter. Adjusted earnings from continuing operations for the quarter were $0.30 per share, compared to $.03 per share in the year-ago period.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.24 per share. Analysts' estimates typically exclude special items.
Net sales from continuing operations for the period decreased to $769.7 million from $882.5 million in the previous year quarter. Five Wall Street analysts expected revenues of $722.76 million.
Looking forward, for the fiscal year 2010, Leggett expects earnings per share in the range of $.75 - 1.15 and sales in the range of approximately $2.9 - 3.3 billion.
Street analysts expect earnings of $1.07 per share on revenues of $3.07 billion.
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