Leggett & Platt (LEG) Tops Q2 EPS by 1c; Lowers Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Leggett & Platt Reports 11% Sales Growth And $.63 EPS
July 26, 2018 4:07 PM EDTCARTHAGE, Mo., July 26, 2018 /PRNewswire/ --
2Q sales were $1.1 billion, an 11% increase versus 2Q 2017; volume up 6% 2Q EPS was $.63, a $.01 decrease versus 2Q 2017 Reducing 2018 sales guidance to $4.25-$4.35 billion; reducing EPS guidance to $2.55-$2.70Diversified manufacturer Leggett & Platt reported second quarter sales of $1.1 billion, an increase of 11% versus second quarter 2017. Organic sales grew 10%, with volume up 6% from strength in Automotive, Bedding, Adjustable Bed and several other businesses. Raw material-related price increases and currency impact added 4%. Acquisitions contributed 3% to sales growth but were partially offset by divestitures.
Second quarter earnings... More
