Sleep Number: 2Q Earnings Snapshot
Posted Jul 15, 2020 05:12:15 PM.
Last Updated Jul 15, 2020 05:24:16 PM.
This article is more than 5 years old.
MINNEAPOLIS (AP) _ Sleep Number Corp. (SNBR) on Wednesday reported a second-quarter loss of $12.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Minneapolis-based company said it had a loss of 45 cents.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
The seller of beds, mattresses and bedding products posted revenue of $284.9 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $255 million.
Sleep Number shares have climbed slightly more than 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $53.82, a rise of 30% in the last 12 months.
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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 SNBR at https://www.zacks.com/ap/SNBR
The Associated Press
