Sealy posts 1Q profit, and shares rise after-hours

March 26, 2012  by in UnCategorized   

By Aggregated Content in on March 27, 2012 from http://c.moreover.com/click/here.pl?z6182306822&z=1250249029 TRINITY, N.C. -- Mattress company Sealy Corp. said Tuesday it turned a profit in the fiscal first quarter on gains from a new, expensive mattress line, and its stock climbed in aftermarket trading.Sealy said it earned $1.2 million, or a penny per share, over the three months ended Feb. 26. A year ago the company lost $902,000, or a penny per share, as it spent more on product launches and advertising, and took losses from discontinued businesses in Europe and Brazil.Its revenue rose 2 percent, to $312.3 million from $305.5 million. Analysts expected Sealy to take a loss of

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