Tempur Sealy Int'l Turns To Profit In Q3 - Quick Facts

(RTTNews) - Tempur Sealy International Inc. (TPX) Thursday reported third-quarter net income of $40.2 million or $0.65 per share, compared to net loss of $2.0 million or $0.03 per share in the same period last year.

Adjusted net income for the quarter rose to $44.9 million, or $0.73 per share from $42.3 million, or $0.70 per share in the comparable quarter last year. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased to $735.5 million from $347.9 million last year, while ten analysts expected revenues of $709.91 million.

Looking ahead, the company continues to expect full year 2013 adjusted earnings to be in the range of $2.25 to $2.40 per share and revenues in a range of $2.425 billion to $2.450 billion. Analysts currently expect the company to report full-year earnings of $2.32 per share on revenues of $2.44 billion.