Select Comfort Corp Q2 Income Falls 87%

(RTTNews) - Select Comfort Corp (SCSS) released earnings for second quarter that dropped from last year.

The company said its profit totaled $1.42 million, or $0.03 per share. This was lower than $11.04 million, or $0.21 per share, in last year's second quarter.

Analysts had expected the company to earn $0.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.6% to $276.88 million. This was up from $275.29 million last year.

Select Comfort Corp earnings at a glance:

-Earnings (Q2): $1.42 Mln. vs. $11.04 Mln. last year. -Earnings Decline (Y-o-Y): -87.1% -EPS (Q2): $0.03 vs. $0.21 last year. -EPS Decline (Y-o-Y): -85.7% -Analysts Estimate: $0.01 -Revenue (Q2): $276.88 Mln vs. $275.29 Mln last year. -Revenue Change (Y-o-Y): 0.6%

-Guidance: Full year EPS guidance: $1.25 - $1.45