Tempur-Pedic 4Q Net Income up 22%

January 23, 2012  by in UnCategorized   

By Aggregated Content in Financial Reports on January 24, 2012 from https://newsdesk4.moreover.com/click/?p=lhxtxtxezambmblzm6l8lbxml2lbxll2xmm6lzlbl8mblzlklnlzljmblhl2xml2m6xelkzbxaz2zhzez2zezlztzmzezhmlxaz8zozmz2zezmztzhzxzxzx&a=z2zhzez2zezlztzmzezh&f=t6l2xxxz&s=xmlnlzlhxhl8lk&u=lolzxml2l6xzlhloxxtel6loxelzlbm6lzlbl8&c= Mattress and pillow maker Tempur-Pedic International Inc. said its fourth-quarter net income jumped 22 percent on higher mattress sales and revenue from overseas. The results beat expectations and sent shares higher in aftermarket trading.

The company also said Tuesday that it authorized a $250 million share buyback program and Tempur-Pedic set its 2012 outlook above analyst expectations.

Shares of the company rose $2.14, or 3.4 percent, to $64.39 in aftermarket trading after the company reported its results. During regular trading, they climbed $1.76, or 3 percent, and closed at $62.25.

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