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Thursday, November 2, 2017

-=Tempur Sealy Int'l (TPX) reported earnings on Thur 2 Nov 2017 (b/o)

Tempur Sealy Int'l beats by $0.03, misses on revs 
  • Reports Q3 (Sep) earnings of $1.00 per share, $0.03 better than the Capital IQ Consensus of $0.97; revenues fell 12.9% year/year to $724.8 mln vs the $756.1 mln Capital IQ Consensus.
  • Gross margin under U.S. generally accepted accounting principles ("GAAP") was 43.1% as compared to 43.5% in the third quarter of 2016.
  • The Company also today increased its financial guidance for 2017.
    • For the full year 2017, the Company currently expects adjusted EBITDA(1) to range from $435 million to $450 million. 

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