Sleep Number Q2 EPS $0.03 Beats $(0.01) Estimate, Sales $459.00M Miss $471.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sleep Number (NASDAQ:SNBR) reported Q2 earnings of $0.03 per share, beating the analyst consensus estimate of $(0.01) by 400 percent. However, the company's quarterly sales of $459.00 million missed the analyst consensus estimate of $471.39 million by 2.63 percent. This represents a 98.05 percent decrease in earnings and a 16.40 percent decrease in sales compared to the same period last year.
July 27, 2023 | 8:01 pm
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Sleep Number's Q2 earnings exceeded expectations but sales did not meet estimates. This mixed report, along with a significant decrease in both earnings and sales compared to last year, may impact the company's stock price.
Sleep Number's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which is a negative signal. Additionally, the significant year-over-year decreases in both earnings and sales could negatively impact investor sentiment and the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100