Tempur-Pedic (TPX) Tops Q3 Views; Raises Buyback to $150M; Raises FY10 Outlook

October 19, 2010 4:11 PM EDT Send to a Friend
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Tempur-Pedic (NYSE: TPX) reports Q3 EPS of $0.62, 7 cents better than the analyst estimate of $0.55. Revenue for the quarter was $295.8 million, which compares to the estimate of $292.47 million.

Expands its buyback program to $150 million.

Raises FY10 guidance: EPS from $1.85-$2.00 to $2.05-$2.10, sales from $1.06-$1.1 billion to $1.1-$1.12 billion. The Street is currently looking for FY10 EPS of $1.97 on sales of $1.09 billion.


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