Tempur Sealy International Inc. (TPX) announced a profit for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $76.3 million, or $0.43 per share. This compares with $85.3 million, or $0.48 per share, in last year's first quarter.
Excluding items, Tempur Sealy International Inc. reported adjusted earnings of $89.7 million or $0.50 per share for the period.
Analysts on average had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.7% to $1.19 billion from $1.21 billion last year.
Tempur Sealy International Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $76.3 Mln. vs. $85.3 Mln. last year.
-EPS (Q1): $0.43 vs. $0.48 last year.
-Revenue (Q1): $1.19 Bln vs. $1.21 Bln last year.
-Guidance:
Full year EPS guidance: $2.60 - $2.90
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