Tempur-Pedic Beats 4Q Estimates

January 23, 2013  by in UnCategorized   

By Aggregated Content in Bedding on January 24, 2013 from http://www.reuters.com/article/2013/01/24/us-tempurpedic-results-idUSBRE90N1CE20130124?feedType=RSS&feedName=globalMarketsNews

Specialty mattress maker Tempur-Pedic International Inc's (TPX.N) fourth-quarter results beat Wall Street expectations, sending its shares up 27 percent after the bell.

Shares of the company were up at $45.25 in extended trading, after closing at $38.35 on the New York Stock Exchange on Thursday.

Tempur-Pedic has struggled to compete with rivals such as Select Comfort Corp (SCSS.O) and privately held Simmons Bedding Co and Serta Inc, whose aggressive marketing and promotional activities pinched market share from the company.

Read Full Article...