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LEXINGTON, Ky. (AP) — LEXINGTON, Ky. (AP) — Tempur Sealy International Inc. (TPX) on Tuesday reported first-quarter profit of $85.3 million.
On a per-share basis, the Lexington, Kentucky-based company said it had profit of 48 cents. Earnings, adjusted for one-time gains and costs, were 53 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The mattress maker posted revenue of $1.21 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $1.22 billion.
Tempur Sealy expects full-year earnings in the range of $2.60 to $2.80 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 TPX">Zacks stock report on TPX at https://www.zacks.com/ap/TPX