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Stock Market & Financial Investment News

News Breaks
March 27, 2013
11:16 EDTTPX, MFRM, SCSSMattress makers climb after retailer reports Q4 results
Shares of mattress makers Tempur-Pedic (TPX) and Select Comfort (SCSS) are advancing after mattress retailer Mattress Firm (MFRM) reported weaker than expected Q4 results but provided higher than expected revenue guidance for fiscal 2013. WHAT'S NEW: Retailer Mattress Firm said that it expected its fiscal 2013 revenue to be $1.237B-$1.25B, versus analysts' consensus estimate of $1.21B. The company reported that its revenue in its fiscal fourth quarter jumped 37% year-over-year to $258.2M, but that was below analysts' consensus estimate of $251.54M. Mattress Firm's revenue was boosted by sales at newly acquired stores, as its sales at comparable stores dropped 1.6%. "Looking to 2013...we expect to drive sales and operating margin expansion from the ongoing sales growth of acquired stores, which will be enhanced as we pass the anniversary dates of our 2012 acquisitions," said Mattress Firm CEO Steve Stagner. Mattress Firm's fourth quarter earnings per share, excluding acquisition charges and other one-time expenses, came in below analysts' consensus estimates, as did its fiscal 2013 earnings per share guidance. ANALYST REACTION: Several analysts reacted positively to Mattress Firm's guidance in notes to clients earlier today. Research firm Raymond James upgraded the stock to Outperform from Market Perform, while Citigroup wrote that the company's sales growth should accelerate as mattress prices are continuing to increase. TODAY'S PRICE ACTION: In mid-morning trading, Tempur-Pedic climbed 6.3% to $49.80, Select Comfort advanced 2.7% to $19.50, and Mattress Firm jumped 8.9% to $33.75.
News For TPX;SCSS;MFRM From The Last 14 Days
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March 31, 2015
09:21 EDTSCSSSelect Comfort issues letter over Blue Clay proxy, sees doubling EPS by 2019
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March 26, 2015
09:51 EDTMFRM40 North Management lowers stake in Mattress Firm to 6.77% from 7.87%
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March 24, 2015
17:31 EDTTPXH Partners reports 9.97% stake in Tempur Sealy, files proxy statement
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12:55 EDTMFRMMattress Firm management to meet with SunTrust
Meeting to be held in New York on March 25 hosted by SunTrust.
March 23, 2015
08:01 EDTTPXH Partners urges Tempur Sealy to hold CEO accountable for underperformance
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March 20, 2015
10:07 EDTMFRMHigh option volume stocks
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March 19, 2015
18:58 EDTMFRMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Mattress Firm (MFRM), up 5.2%... New York & Company (NWY), up 3.1%... Rally Software (RALY), up 1.4%... Nike (NKE), up 4.2%... Youku Tudou (YOKU), up 1%. ALSO HIGHER: Prothena (PRTA), up 39.3% after reporting positive results from Phase 1 study of PRX002... SeaWorld (SEAS), up 1% after naming Joel Manby as president and CEO. DOWN AFTER EARNINGS: AK Steel (AKS), down 9.1%.
16:08 EDTMFRMMattress Firm sees FY15 adjusted EPS $2.50-$2.70, consensus $2.77
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16:05 EDTMFRMMattress Firm reports Q4 adjusted EPS 41c, consensus 48c
Reports Q4 revenue $598.3M, consensus $562.52M. Reports Q4 comparable-store sales growth of 1.9%. Reports adjusted cash EPS 73c.
15:19 EDTMFRMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Nike (NKE), consensus 84c... Mattress Firm (MFRM), consensus 48c.
March 18, 2015
16:38 EDTTPXH Partners Management delivers letter to Tempur Sealy, demands to see books
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