Leggett & Platt Inc. Q2 Profit Advances 30%

(RTTNews) - Leggett & Platt Inc. (LEG) released earnings for its second quarter that gained ground from last year.

The company said its bottom line advanced to $99.5 million, or $0.72 per share. This was up from $76.7 million, or $0.53 per share, in last year's second quarter.

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

The company said revenue for the quarter fell 3.9% to $958.9 million. This was down from $997.3 million last year.

Leggett & Platt Inc. earnings at a glance:

-Earnings (Q2): $99.5 Mln. vs. $76.7 Mln. last year. -Earnings Growth (Y-o-Y): 29.7% -EPS (Q2): $0.72 vs. $0.53 last year. -EPS Growth (Y-o-Y): 35.8% -Analysts Estimate: $0.62 -Revenue (Q2): $958.9 Mln vs. $997.3 Mln last year. -Revenue Change (Y-o-Y): -3.9%

-Guidance: Full year EPS guidance: $2.45-2.60 Full year revenue guidance: $3.9 Bln