Legget & Platt: 4Q Earnings Snapshot

·1 min read

CARTHAGE, Mo. (AP) _ Leggett & Platt Inc. (LEG) on Monday reported fourth-quarter net income of $103.2 million.

On a per-share basis, the Carthage, Missouri-based company said it had net income of 76 cents.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The engineered component manufacturer posted revenue of $1.18 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.15 billion.

For the year, the company reported profit of $247.6 million, or $1.82 per share. Revenue was reported as $4.28 billion.

Legget & Platt expects full-year earnings to be $2.30 to $2.60 per share, with revenue in the range of $4.6 billion to $4.9 billion.

Legget & Platt shares have decreased slightly more than 1% since the beginning of the year, while the Standard & Poor's 500 index has increased 4%. In the final minutes of trading on Monday, shares hit $43.66, a drop of almost 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEG at https://www.zacks.com/ap/LEG