MINNEAPOLIS _ Sleep Number Corp. (SNBR) on Wednesday reported second-quarter net income of $3.7 million, after reporting a loss in the same period a year earlier.
The Minneapolis-based company said it had profit of 10 cents per share. Earnings, adjusted for pretax gains, were 2 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The seller of beds, mattresses and bedding products posted revenue of $316.3 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $315.6 million.
Sleep Number expects full-year earnings in the range of $1.70 to $2 per share.
Sleep Number shares have decreased 18 percent since the beginning of the year. The stock has dropped almost 4 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNBR at https://www.zacks.com/ap/SNBR