Mattress Companies Select Comfort, Tempur-Pedic Head in Opposite Directions
Tempur-Pedic jumped nearly 18 percent after the company reported earnings Thursday. For the fourth quarter, Tempur-Pedic reported an earnings per share figure of $0.60, more than the $0.55 estimate. On revenue, Tempur-Pedic reported $341.1 million, more than the $338.9 million that analysts were looking for.
Meanwhile, Select Comfort (NASDAQ: SCSS) tumbled as much as 20 percent. For the fourth quarter, Select Comfort reported an earnings per share figure of $0.22, less than the $0.32 that was anticipated. Revenue was also light, at $220.56 million; analysts were expecting $230.07 million.
Shares of Select Comfort were trading near $23.80 after-hours Thursday, while Tempur-Pedic was up near $44.70.
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