Sealy Beats Analysts' Estimates

Sealy

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.