Why Leggett & Platt Stock Is Skyrocketing Today
Leggett & Platt (NYSE: LEG) stock is booking big gains in Tuesday's trading. The bedding-and-furniture company's share price had surged 14.2% higher in the day's trading as of 3:30 p.m. ET amid the backdrop of a 0.4% gain for the S&P 500 index.
Leggett & Platt published its third-quarter results after the market closed yesterday, and investors are very happy with the report. Despite sales performance coming below expectations last quarter, the company paired Q3's numbers with some forward guidance that has the market excited.
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Source Fool.com
