Tempur Sealy: Q4 Earnings Snapshot
LEXINGTON, Ky. (AP) _ Tempur Sealy International Inc. (TPX) on Tuesday reported fourth-quarter profit of $175.8 million.
The Lexington, Kentucky-based company said it had net income of 88 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.
The mattress maker posted revenue of $1.36 billion in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $1.46 billion.
For the year, the company reported profit of $624.5 million, or $3.06 per share. Revenue was reported as $4.93 billion.
Tempur Sealy expects full-year earnings to be $3.65 to $3.85 per share.