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Sleep Number: 1Q Earnings Snapshot

MINNEAPOLIS (AP) _ Sleep Number Corp. (SNBR) on Wednesday reported first-quarter profit of $25.4 million.

The Minneapolis-based company said it had profit of 80 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The seller of beds, mattresses and bedding products posted revenue of $426.4 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $425 million.

Sleep Number expects full-year earnings in the range of $2.25 to $2.75 per share.

Sleep Number shares have increased 52 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $48.21, a climb of 30 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNBR at https://www.zacks.com/ap/SNBR