Tempur Sealy: Q2 Earnings Snapshot

July 27, 2022 GMT

LEXINGTON, Ky. (AP) _ Tempur Sealy International Inc. (TPX) on Wednesday reported second-quarter profit of $90.6 million.

On a per-share basis, the Lexington, Kentucky-based company said it had profit of 51 cents. Earnings, adjusted for one-time gains and costs, came to 58 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The mattress maker posted revenue of $1.21 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.27 billion.

Tempur Sealy expects full-year earnings in the range of $2.60 to $2.80 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TPX at https://www.zacks.com/ap/TPX