Market Overview

Mattress Companies Select Comfort, Tempur-Pedic Head in Opposite Directions

Shares of mattress companies Select-Comfort (NASDAQ: SCSS) and Tempur-Pedic (NYSE: TPX) headed in different directions Thursday afternoon.

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.

Posted-In: Earnings News After-Hours Center Movers Trading Ideas Best of Benzinga

 

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