: Leggett & Platt stock up as much as 5% as company’s Q1 profit tops views


Shares of Leggett & Platt Inc. LEG rose by as much as 5% in the extended session Monday after the maker of mattresses, seating components and other home and industrial products reported first-quarter profit that topped Wall Street views and kept its guidance for the year intact. Leggett & Platt earned $54 million, or 39 cents a share, in the quarter, compared with $90 million, or 66 cents a share, in the year-ago period. FactSet consensus called for EPS of 26 cents. Revenue dropped 8% to $1.21 billion, meeting analyst expectations. Leggett & Platt is focusing on “improving the things that we can control and continuing…

This article was originally published by Marketwatch.com. Read the original article here.

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