Select Comfort (SCSS) reported earnings on Tue 17 Oct 2017 (a/h)

• Select Comfort (SCSS) changed their corporate name to Sleep Number (SNBR) in November 2017.

** charts after earnings **

 

MINNEAPOLIS (AP) _ Select Comfort Corp. (SCSS) on Tuesday reported third-quarter profit of $25.6 million.

The Minneapolis-based company said it had profit of 62 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The seller of beds, mattresses and bedding products posted revenue of $402.6 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $415.1 million.

Select Comfort expects full-year earnings to be $1.30 to $1.45 per share.

Select Comfort shares have increased 34 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30.23, a rise of 44 percent in the last 12 months.