Corrects analysts earnings estimates for the full year ending January 2013 to read as $1.37 per share, instead of $0.99 per share. Also corrects, full year revenue estimates to read as 879.91 million, instead of $692.50 million. The corrected version is as under.
Mattress Firm Holding Corp. (MFRM) Tuesday reported a profit for the fourth quarter compared to a loss last year, helped mainly by higher revenues. The company also provided a financial outlook for the fiscal year 2012, expected to beat current market expectations. Following the news, the company's stock rose about 15 percent in after-market hours.
Fourth-quarter net profit was $17.4 million or $0.56 per share, compared to a net loss of $1.63 million or $0.07 per share reported in the year-earlier period. On average, six analysts polled by Thomson Reuters expected the company to earn $0.19 per share in the fourth quarter. Analysts' estimates typically exclude one-time items.
Net sales for the period increased 47.9 percent to $188.6 million from $127.5 million last year. Analysts on a consensus estimated revenues of $177.21 million.
Moving forward, the company expects earnings for the full year ending January 2013 in a range of $1.40 to $1.48 per share and revenues of $1.03 billion to $1.06 billion. Analysts currently expect earnings of $1.37 per share on revenues of $879.91 million for the fiscal year.
Mattress firm closed its Tuesday's regular trade on the Nasdaq at $37.43, down 4.69 percent. In the after-market hours, share prices rose 14.75 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.