Leggett & Platt Q1 Profit From Cont. Ops. Rises - Quick Facts

(RTTNews) - Leggett & Platt (LEG) reported first-quarter income from continuing operations of $73.3 million or $0.50 per share, compared to $56.0 million or $0.38 per share, prior year. Adjusted earnings per share from continuing operations was $0.50 , for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.46 for the quarter. Analysts' estimates typically exclude special items.

Net sales from continuing operations increased to $966.2 million from $875.5 million last year. Analysts expected revenue of $952.53 million for the quarter.

For 2015, the company expects record sales from continuing operations, and another year of record EPS. The company is raising the low end of its prior EPS guidance, and now projects 2015 EPS of $1.95 - 2.10 on sales of $3.9 - 4.1 billion. Analysts expect the company to report fiscal 2015 earnings per share of $2.05 on revenue of $4.03 billion.