Sleep Number: Q4 Earnings Snapshot
MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Sleep Number Corp. (SNBR) on Thursday reported a loss of $25.2 million in its fourth quarter.
On a per-share basis, the Minneapolis-based company said it had a loss of $1.12. Losses, adjusted for restructuring costs, came to 58 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 90 cents per share.
The seller of beds, mattresses and bedding products posted revenue of $429.5 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $415.7 million.
For the year, the company reported a loss of $15.3 million, or 68 cents per share. Revenue was reported as $1.89 billion.
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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
