Bedding Products Company Tempur Sealy Shares Down On Q3 Earnings: Here's Details
Portfolio Pulse from Lekha Gupta
Tempur Sealy International Inc's shares fell by around 7% after reporting weaker-than-expected Q3 FY23 results. Sales declined 0.5% Y/Y to $1.277 billion, missing the consensus of $1.309 billion. The company also reported an adjusted EPS of $0.77, missing the analyst consensus of $0.81. The company has reduced its FY23 adjusted EPS guidance to $2.30-$2.50 from $2.50-$2.70.
November 02, 2023 | 2:00 pm
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Tempur Sealy's shares fell after reporting weaker-than-expected Q3 FY23 results. The company also reduced its FY23 adjusted EPS guidance.
Tempur Sealy's weaker-than-expected Q3 FY23 results and the reduction in its FY23 adjusted EPS guidance are likely to negatively impact investor sentiment, leading to a decrease in the company's share price in the short term.
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