Select Comfort Corp. (SCSS: Quote) reported fourth quarter net income of $0.22 per share after the close Thursday, down from $0.27 per share in the prior year. The consensus estimate was for EPS of $0.32. Full year 2013 EPS is expected to be between $1.65 and $1.80, compared to the consensus estimate of $1.90.
Select Comfort gapped open sharply lower Friday, but traded in a narrow range throughout the session. Shares closed down by 5.04 at $23.16, with volume at over a 7-month high. The stock sank to a 6-month low and fell below its 50-day moving average.
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by RTT Staff Writer
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