Tempur-Pedic (TPX) Tops Q2 Earnings Views; Announces $100M Buyback; Raises FY10 Outlook

July 20, 2010 4:10 PM EDT
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Tempur-Pedic (NYSE: TPX) reports Q2 EPS of $0.46, 4 cents better than the analyst estimate of $0.42. Revenue for the quarter was $263 million, which compares to the estimate of $248.28 million.

To buyback up to $100 million in common shares.

Raises its FY10 EPS guidance from $1.70-$1.85 to $1.85-$2.00, versus the consensus of $1.86, on sales of $1.06-$1.1 billion, up from $1.02-$1.06 billion previously. The Street is looking for sales of $1.06 billion.

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