L&P cuts EPS forecast by 11 cents

June 2007
Furniture/Today;6/25/2007, Vol. 31 Issue 41, p74
Trade Publication
The article reports that Carthage, Missouri-based furniture components supplier Leggett & Platt has reduced its earnings forecast due to slower sales and higher restructuring costs. Sales for the second quarter of 2007 are expected to be about $1.3 billion, a 4$ decline from 2006. CEO David Haffner says several markets have weakened, resulting in revenue shortfall.


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