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Sleep Number: 3Q Earnings Snapshot

·1 min read

MINNEAPOLIS (AP) _ Sleep Number Corp. (SNBR) on Wednesday reported third-quarter net income of $51.3 million.

On a per-share basis, the Minneapolis-based company said it had net income of $1.79.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The seller of beds, mattresses and bedding products posted revenue of $531.2 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $528 million.

Sleep Number expects full-year earnings to be $4 per share.

Sleep Number shares have climbed 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $57.71, an increase of 25% in the last 12 months.

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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