LEXINGTON, Ky. (AP) _ Tempur Sealy International Inc. (TPX) on Thursday reported first-quarter profit of $28.4 million.
On a per-share basis, the Lexington, Kentucky-based company said it had profit of 51 cents. Earnings, adjusted for one-time gains and costs, were 54 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The mattress maker posted revenue of $690.9 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $668.9 million.
Tempur Sealy shares have increased 49% since the beginning of the year. The stock has risen 39% 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 TPX at https://www.zacks.com/ap/TPX