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MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Sleep Number Corp. (SNBR) on Wednesday reported a loss of $5.4 million in its fourth quarter.
On a per-share basis, the Minneapolis-based company said it had a loss of 24 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The seller of beds, mattresses and bedding products posted revenue of $497.5 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $495.2 million.
For the year, the company reported profit of $36.6 million, or $1.60 per share. Revenue was reported as $2.11 billion.
Sleep Number expects full-year earnings to be $1.25 to $2 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SNBR">Zacks stock report on SNBR at https://www.zacks.com/ap/SNBR