Leggett & Platt Q3 2024 Adj EPS $0.32 Misses $0.33 Estimate, Sales $1.10B Miss $1.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Leggett & Platt reported Q3 2024 earnings per share of $0.32, missing the analyst estimate of $0.33. Sales were $1.10 billion, slightly below the $1.11 billion estimate, and down 6.21% from last year.
October 28, 2024 | 8:17 pm
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NEGATIVE IMPACT
Leggett & Platt's Q3 2024 earnings and sales both missed analyst estimates, with a notable year-over-year sales decline.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. Additionally, the year-over-year sales decline of 6.21% could further pressure the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100