Tempur-Pedic's Forecast Falls Short
Posted on April 20, 2012 at 14:10 PM EDT
Tempur-Pedic International Inc. (NYSE: TPX) reported higher first quarter earnings of 86 cents per diluted share compared with 68 cents per diluted share a year earlier that topped analyst estimates but the mattress maker forecast 2012 results below expectations sending the stock price plummeting $17.48 to $66.27.
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