News Column

Select Comfort 2Q profit falls 15 percent

July 16, 2014



MINNEAPOLIS (AP) Select Comfort Corp. (SCSS) on Wednesday reported profit that decreased by 15 percent in its second quarter, and beat analysts' expectations.

The Minneapolis-based company said net income fell to $8.5 million, or 16 cents per share, from $9.9 million, or 18 cents per share, in the same quarter a year ago. The average estimate of analysts surveyed by Zacks Investment Research was for profit of 14 cents per share.

The seller of beds, mattresses and bedding products said revenue climbed 13 percent, to $234.8 million from $207.4 million in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $224.5 million, according to Zacks.

Select Comfort shares have decreased $2.11, or 10 percent, to $18.98 since the beginning of the year. The stock has dropped $8.02, or 30 percent, in the last 12 months.

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full SCSS report: http://www.zacks.com/registration/pfp/?ALERT=ZER_LINK&adid=ASSOCPRESS_CONTENT_ZER&d_alert=rd_final_rank&t=SCSS

Keywords:Select Comfort,Earnings Report


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Associated Press


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters