Legett & Platt Lowers FY24 Revenue From $4.3B-$4.5B To $4.3B-$4.4B Vs $4.421B Est; Lowers FY24 Adj. EPS From $1.10-$1.25 To $1.00-$1.10 Vs $1.13 Est
Portfolio Pulse from Benzinga Newsdesk
Legett & Platt has revised its FY24 revenue guidance to $4.3B-$4.4B from $4.3B-$4.5B, and adjusted EPS to $1.00-$1.10 from $1.10-$1.25, both below previous estimates.
October 28, 2024 | 8:19 pm
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Legett & Platt has lowered its FY24 revenue and adjusted EPS guidance, indicating potential challenges in meeting previous financial expectations.
The reduction in revenue and EPS guidance suggests that Legett & Platt is facing difficulties that could impact its financial performance. This is likely to negatively affect investor sentiment and the stock price in the short term.
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