Tempur Sealy International Inc. Q4 Profit Decreases, misses estimates

(RTTNews) - Tempur Sealy International Inc. (TPX) announced earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $77.1 million, or $0.43 per share. This compares with $101.7 million, or $0.57 per share, in last year's fourth quarter.

Excluding items, Tempur Sealy International Inc. reported adjusted earnings of $93.9 million or $0.53 per share for the period.

Analysts on average had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.4% to $1.170 billion from $1.187 billion last year.

Tempur Sealy International Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $77.1 Mln. vs. $101.7 Mln. last year. -EPS (Q4): $0.43 vs. $0.57 last year. -Analyst Estimates: $0.54 -Revenue (Q4): $1.170 Bln vs. $1.187 Bln last year.