Leggett & Platt Q2 2024 Adj. EPS $0.29 Misses $0.30 Estimate, Sales $1.128B Miss $1.134B Estimate
Portfolio Pulse from Benzinga Newsdesk
Leggett & Platt (NYSE:LEG) reported Q2 2024 adjusted EPS of $0.29, missing the $0.30 estimate. Sales were $1.128 billion, below the $1.134 billion estimate and down 7.62% from last year.
August 01, 2024 | 8:15 pm
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NEGATIVE IMPACT
Leggett & Platt reported Q2 2024 adjusted EPS of $0.29, missing the $0.30 estimate. Sales were $1.128 billion, below the $1.134 billion estimate and down 7.62% from last year.
The company's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. Additionally, the year-over-year sales decline of 7.62% adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100