LEXINGTON, Ky. (AP) _ Tempur Sealy International Inc. (TPX) on Thursday reported second-quarter earnings of $140.8 million.
On a per-share basis, the Lexington, Kentucky-based company said it had net income of 69 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 79 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The mattress maker posted revenue of $1.17 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.15 billion.
Tempur Sealy expects full-year earnings in the range of $3.10 to $3.25 per share.
Tempur Sealy shares have climbed 39% since the beginning of the year. The stock has more than doubled 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
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