Tempur Sealy: Q1 Earnings Snapshot
LEXINGTON, Ky. (AP) _ Tempur Sealy International Inc. (TPX) on Thursday reported first-quarter net income of $130.7 million.
The Lexington, Kentucky-based company said it had profit of 69 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The mattress maker posted revenue of $1.24 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.2 billion.
Tempur Sealy expects full-year earnings to be $3.20 to $3.40 per share.