April 17 Select Comfort Corp posted a
first-quarter profit that missed Wall Street expectations as
comparable sales fell 9 percent, and the specialty mattress
maker cut its full-year profit outlook.
The company expects to earn between $1.30 and $1.45 per
share, down from its prior forecast of $1.65 to $1.80 per share.
Net income rose to $23.5 million, or 42 cents per share, in
the first quarter from $22.4 million, or 39 cents per share, a
On an adjusted basis, the company earned 41 cents per share.
Revenue fell 1.58 percent to $258.2 million.
Analysts on average had expected earnings of 43 cents per
share on revenue of $288 million, according to Thomson Reuters