Tempur Sealy Int'l Q1 Profit Up - Quick Facts

(RTTNews) - Tempur Sealy International Inc. (TPX) Thursday reported first-quarter profit of $27.4 million or $0.44 per share, up from $12.5 million or $0.20 per share in the same period last year.

Adjusted earnings for the quarter were $0.53 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.51 per share for the quarter. Analysts' estimates typically exclude special items. Sales jumped 79.9 percent to $701.9 million from $390.1 million last year. Analysts expected revenues of $683.27 million. Looking ahead, the company continues to project adjusted earnings in the range of $2.60 to $2.85 per share, with sales ranging between $2.80 billion and $2.90 billion. Analysts currently expect the company to report full-year earnings of $2.76 per share on revenues of $2.85 billion.