Select Comfort Corp Profit Retreats 55% In Q1

(RTTNews) - Select Comfort Corp (SCSS) announced earnings for first quarter that retreated compared to the same period last year.

The company said its profit dropped to $12.97 million, or $0.27 per share. This was down from $28.80 million, or $0.54 per share, in last year's first quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.9% to $352.98 million. This was up from $349.81 million last year.

Select Comfort Corp earnings at a glance:

-Earnings (Q1): $12.97 Mln. vs. $28.80 Mln. last year. -Earnings Decline (Y-o-Y): -55.0% -EPS (Q1): $0.27 vs. $0.54 last year. -EPS Decline (Y-o-Y): -50.0% -Analysts Estimate: $0.20 -Revenue (Q1): $352.98 Mln vs. $349.81 Mln last year. -Revenue Change (Y-o-Y): 0.9%

-Guidance: Full year EPS guidance: $1.25 to $1.45