Tempur-Pedic Forecast Disappoints, Shares Dip

April 18, 2012  by in UnCategorized   

By Aggregated Content in Bedding on April 19, 2012 from http://finance.yahoo.com/news/tempur-pedic-forecast-disappoints-shares-204439327.html

Tempur-Pedic International Inc posted a higher-than-expected quarterly profit, but the mattress maker's 2012 forecast came in below analyst expectations, sending its shares down by as much as 11 percent in aftermarket trading.

The company, which competes with Sealy Corp (ZZ.N) and Select Comfort Corp (SCSS.O), expects to earn $3.80 to $3.95 per share on revenue of $1.6 billion to $1.65 billion in 2012. 

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