Select Comfort Corp. (SCSS) reported second quarter net income of $0.30 per share after the close Wednesday, up from $0.20 per share in the previous year. The consensus estimate was for EPS of $0.27. The company also increased its full year 2012 adjusted EPS forecast to between $1.41 and $1.47, from prior expectations of $1.38 to $1.46. The consensus estimate is for EPS of $1.44.
Select Comfort gapped open sharply Thursday and posted gains in early trade, before settling into a narrow range. Shares finished up by 5.83 at $27.60 on above average volume. The stock broke out to a month and a half high and re-crossed both its 50 and 200-day moving averages.
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