Investing.com - Leggett&Platt reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Leggett&Platt announced earnings per share of $0.16 on revenue of $845.1M. Analysts polled by Investing.com anticipated EPS of $0.06 on revenue of $899.03M.
Leggett&Platt shares are down 21% from the beginning of the year and are trading at $39.69 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.95% from the start of the year.
Leggett&Platt follows other major Consumer Cyclical sector earnings this month
Leggett&Platt's report follows an earnings beat by Tesla on Wednesday, July 22, 2020, who reported EPS of $2.18 on revenue of $6.04B, compared to forecasts EPS of $0 on revenue of $6.04B.
Louis Vuitton ADR had missed expectations on Sunday, July 26, 2020 with second quarter EPS of $0.24 on revenue of $9.18B, compared to forecast for EPS of $1.73 on revenue of $9.18B.
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