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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100