Select Comfort Soars After Strong Earnings and Guidance

Select Comfort Corp. SCSS is trading higher on the session after announcing its Q2 results yesterday. The company reported an EPS of $0.30 vs $0.27 estimates and revenues of $205.2 million vs $197.74 million estimates. Select Comfort also raised its FY 2012 EPS estimates to $1.41-1.47. Shelly Ibach, president and CEO, Select Comfort said, “Going forward, we will continue to innovate across our end-to-end customer experience to further differentiate the Sleep Number brand as we advance towards our goal of exceeding $1.5 billion in revenue and 15 percent operating margin by 2015.” Select Comfort is currently trading at $27.68, a gain of $5.91 or 27.15%.