Leggett & Platt Inc. Announces Drop In Q2 Profit

(RTTNews) - Leggett & Platt Inc. (LEG) revealed a profit for second quarter that fell from the same period last year.

The company's profit totaled $85.0 million, or $0.63 per share. This compares with $87.6 million, or $0.64 per share, in last year's second quarter.

Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.1% to $1.10 billion from $0.99 billion last year.

Leggett & Platt Inc. earnings at a glance:

-Earnings (Q2): $85.0 Mln. vs. $87.6 Mln. last year. -EPS (Q2): $0.63 vs. $0.64 last year. -Analysts Estimate: $0.62 -Revenue (Q2): $1.10 Bln vs. $0.99 Bln last year.

-Guidance: Full year revenue guidance: $4.25 - $4.3 billion