On Air Now

Tune in to Listen

93.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
33° Feels Like: 33°
Wind: NNE 0 mph Past 24 hrs - Precip: 0.15”
Current Radar for Zip

Today

Rain/Snow 44°

Tonight

Partly Cloudy 25°

Tomorrow

Partly Cloudy 48°

Alerts

Select Comfort's quarterly results miss estimates

(Reuters) - Specialty mattress maker Select Comfort Corp reported lower-than-expected quarterly results as customers cut back on spending in the face of growing economic uncertainty.

The company, known for its Sleep Number adjustable-firmness mattresses, said revenue rose 7 percent to $264 million.

Net income fell to $20.2 million, or 36 cents per share, from $26.2 million, or 46 cents per share, a year earlier.

Analysts on average had expected earnings of 43 cents per share on revenue of $277.5 million, according to Thomson Reuters I/B/E/S.

(Reporting by Aditi Shrivastava in Bangalore; Editing by Saumyadeb Chakrabarty)

Comments