Leggett & Platt Inc. Profit Climbs 25% In Q1

(RTTNews) - Leggett & Platt Inc. (LEG) announced earnings for its first quarter that advanced from last year.

The company said its bottom line climbed to $89.5 million, or $0.63 per share. This was up from $71.7 million, or $0.50 per share, in last year's first quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.9% to $938.4 million. This was down from $966.2 million last year.

Leggett & Platt Inc. earnings at a glance:

-Earnings (Q1): $89.5 Mln. vs. $71.7 Mln. last year. -Earnings Growth (Y-o-Y): 24.8% -EPS (Q1): $0.63 vs. $0.50 last year. -EPS Growth (Y-o-Y): 26.0% -Analysts Estimate: $0.55 -Revenue (Q1): $938.4 Mln vs. $966.2 Mln last year. -Revenue Change (Y-o-Y): -2.9%

-Guidance: Full year EPS guidance: $2.40 - $2.60 Full year revenue guidance: $3.9 - $4.1 Bln