Leggett & Platt Inc. Reveals 4% Decline In Q1 Earnings

(RTTNews) - Leggett & Platt Inc. (LEG) revealed earnings for first quarter that declined from last year.

The company said its earnings came in at $86.1 million, or $0.62 per share. This was down from $89.5 million, or $0.63 per share, in last year's first quarter.

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

The company said revenue for the quarter rose 2.3% to $960.3 million. This was up from $938.4 million last year.

Leggett & Platt Inc. earnings at a glance:

-Earnings (Q1): $86.1 Mln. vs. $89.5 Mln. last year. -Earnings Decline (Y-o-Y): -3.8% -EPS (Q1): $0.62 vs. $0.63 last year. -EPS Decline (Y-o-Y): -1.6% -Analysts Estimate: $0.59 -Revenue (Q1): $960.3 Mln vs. $938.4 Mln last year. -Revenue Change (Y-o-Y): 2.3%

-Guidance: Full year EPS guidance: $2.55-2.75 Full year revenue guidance: $3.95-4.05 Bln