Tempur Sealy Posts Q2 Loss, Cuts FY13 Forecast - Quick Facts

(RTTNews) - Tempur Sealy International Inc. (TPX) Thursday reported second-quarter loss of $1.6 million or $0.03 per share, compared to profit of $29.1 million or $0.45 per share in the same period last year.

On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.40 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased to $660.6 million from $329.5 million last year. Analysts expected revenues of $662.80 million.

Looking ahead, the company has lowered its full-year adjusted earnings outlook to a range of $2.25 to $2.40 per share from its previous guidance of $2.75 per share.

Revenues are projected in a range of $2.425 billion to $2.450 billion, down from $2.5 billion, issued previously. Analysts currently expect the company to report full-year earnings of $2.75 per share on revenues of $2.50 billion.