LEXINGTON, Ky. (AP) — LEXINGTON, Ky. (AP) — Tempur Sealy International Inc. (TPX) on Thursday reported fourth-quarter earnings of $101.7 million.
On a per-share basis, the Lexington, Kentucky-based company said it had profit of 57 cents. Earnings, adjusted for one-time gains and costs, were 54 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The mattress maker posted revenue of $1.19 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.22 billion.
For the year, the company reported profit of $455.7 million, or $2.53 per share. Revenue was reported as $4.92 billion.
Tempur Sealy expects full-year earnings in the range of $2.60 to $2.80 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a TPX">Zacks stock report on TPX at https://www.zacks.com/ap/TPX