Leggett & Platt Q1 2024 Adj EPS $0.23 Misses $0.24 Estimate, Sales $1.10B Miss $1.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Leggett & Platt reported Q1 2024 adjusted EPS of $0.23, missing the $0.24 estimate, and sales of $1.10B, below the $1.11B estimate. This represents a 9.36% decrease in sales compared to the same period last year.
April 30, 2024 | 8:15 pm
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NEGATIVE IMPACT
Leggett & Platt's Q1 2024 earnings and sales missed estimates, with a significant year-over-year sales decrease.
Missing both EPS and sales estimates, coupled with a notable year-over-year sales decline, is likely to negatively impact investor sentiment and could lead to a short-term decrease in LEG's stock price.
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IMPORTANCE 90
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