Why Leggett & Platt (LEG) Stock Is Trading Lower Today
Update: 2025-10-30
Description
Leggett & Platt's stock took a dive after a significant rally, following a mixed third-quarter earnings report. Despite a surge in stock price the previous day, the company reported a six percent sales drop and missed revenue expectations. The bedding products unit saw a ten percent sales decline due to weak demand. While the company narrowed its full-year revenue guidance, it still expects a six to nine percent decline compared to last year. The stock's volatility is typical for Leggett & Platt, with seventeen separate swings of more than five percent in the past year. Despite declining revenue, the company has maintained decent profit margins by controlling costs. The stock is up just over seven percent since January but is still far from its fifty-two-week high. Long-term holders have seen their investments decrease by about 75 percent over five years.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
