Select Comfort Corp Q3 Profit Drops 19%
WASHINGTON (dpa-AFX) - Select Comfort Corp (SCSS) released earnings for third quarter that dropped compared to the same period last year.
The company said its profit came in at $25.75 million, or $0.56 per share. This was down from $31.85 million, or $0.62 per share, in last year's third quarter.
Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 1.6% to $367.99 million. This was down from $373.92 million last year.
Select Comfort Corp earnings at a glance:
-Earnings (Q3): $25.75 Mln. vs. $31.85 Mln. last year. -Earnings Decline (Y-o-Y): -19.2% -EPS (Q3): $0.56 vs. $0.62 last year. -EPS Decline (Y-o-Y): -9.7% -Analysts Estimate: $0.57 -Revenue (Q3): $367.99 Mln vs. $373.92 Mln last year. -Revenue Change (Y-o-Y): -1.6%
-Guidance: Full year EPS guidance: $1.15 - $1.25
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