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Stock Market & Financial Investment News

News Breaks
March 27, 2013
11:16 EDTTPX, SCSS, MFRMMattress 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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October 31, 2014
08:34 EDTTPXTempur Sealy shares should be bought on major weakness, says Stifel
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October 30, 2014
18:39 EDTTPXOn The Fly: After Hours Movers
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16:37 EDTTPXTempur Sealy sees 2014 adjusted EPS $2.60-$2.70, consensus $2.73
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16:36 EDTTPXTempur Sealy reports Q3 adjusted EPS 88c, consensus 89c
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15:30 EDTTPXNotable companies reporting after market close
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October 24, 2014
10:03 EDTMFRM, TPXOn The Fly: Analyst Initiation Summary
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05:27 EDTTPXTempur Sealy initiated with an Equal Weight at Barclays
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05:27 EDTMFRMMattress Firm initiated with an Overweight at Barclays
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October 23, 2014
16:49 EDTSCSSOn The Fly: Closing Wrap
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12:20 EDTSCSSOn The Fly: Midday Wrap
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October 22, 2014
18:34 EDTSCSSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Select Comfort (SCSS), up 13.1% after reporting third quarter results and increasing share repurchase authorization to $250M... Infinera (INFN), up 9.8%... Tractor Supply (TSCO), up 11.8%... Acacia Research (ACTG), up 7.7%... Marketo (MKTO), up 4.5%... O'Reilly Automotive (ORLY), up 3.9%... Fortinet (FTNT), up 1.5%... Mellanox (MLNX), up 2.9%... ServiceNow (NOW), up just under 1%. ALSO HIGHER: CarMax (KMX), up 1% after announcing a $2B increase to its share repurchase program. DOWN AFTER EARNINGS: Air Methods (AIRM), down 19.8% following preliminary third quarter results... Yelp (YELP), down 13.6%... Core Laboratories (CLB), down 7.9%... Varian Medical (VAR), down 4.9% after reporting fourth quarter results... Open Text (OTEX), down 3.9%... Citrix (CTXS), down 5.7%... Cheesecake Factory (CAKE), down 4.5%... Allied World (AWH), down 4.7%... Lam Research (LRCX), down 3.3%... Skechers (SKX), down just under 1% after reporting third quarter results above analyst estimates... AT&T (T), down 1.5%. ALSO LOWER: DIRECTV (DTV), down just under 1% following AT&T third quarter results... Alcobra (ADHD), down 16% following results of MDX study... WidePoint (WYY), down 8.1% after filing an automatic common stock shelf... New Mountain Finance (NMFC), down 4.4% after filing to sell 5M shares of common stock.
16:05 EDTSCSSSelect Comfort increases share repurchase authorization to $250M
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16:04 EDTSCSSSelect Comfort raises 2014 EPS view to $1.12 from $1.07, consensus $1.10
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16:03 EDTSCSSSelect Comfort reports Q3 EPS 44c, consensus 40c
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15:30 EDTSCSSNotable companies reporting after market close
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October 20, 2014
10:52 EDTMFRMMattress Firm completes acquisition of Sleep Train
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October 17, 2014
06:42 EDTMFRMMattress Firm upgraded to Buy from Hold at KeyBanc
KeyBanc upgraded Mattress Firm to Buy based on valuation, favorable industry trends, and acquisition synergies. Price target is $68.

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