Sealy Beats Analysts' Estimates
Sealy (NYSE: ZZ) released its fiscal second-quarter earnings results after the closing bell on Tuesday. The company reported net income of $1.7 million or $0.02 per share, compared to a loss of $0.4 million or breakeven per share, in last year's second-quarter.
On an adjusted basis, net income was $2.8 million or $0.03 per share, compared to $0.8 million or $0.01 per share, last year. This came in ahead of analysts' consensus EPS estimates of breakeven.
Net sales in the quarter were down 2.9 percent to $312.03 million versus $321.3 million in the year ago period. This also beat analysts' consensus revenue estimates of $311.85 million.
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