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Tempur Sealy: 3Q Earnings Snapshot

LEXINGTON, Ky. (AP) _ Tempur Sealy International Inc. (TPX) on Thursday reported third-quarter net income of $42.3 million.

On a per-share basis, the Lexington, Kentucky-based company said it had profit of 77 cents. Earnings, adjusted for one-time gains and costs, came to $1.02 per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The mattress maker posted revenue of $729.5 million in the period, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $738.5 million.

Tempur Sealy shares have declined 26 percent since the beginning of the year. The stock has declined 29 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 TPX at https://www.zacks.com/ap/TPX