Wall Street Watch Friday: Mattress Firm’s Shares Sag
Filed under: Earnings, Market News
Wall Street can be pretty stingy.
Mattress Firm (MFRM) seems to have posted strong quarterly results on Thursday night, but the stock still tumbled on the report.
Net sales soared 46% to $262 million, fueled by a 5% increase in same-store sales, though mostly by acquisitions and new store openings. Earnings nearly doubled to $0.30 a share, and profitability on an adjusted basis actually clocked in at $0.42 a share.
Mattress Firm also raised its top- and bottom-line guidance.
This is usually…
Wall Street Watch Friday: Mattress Firm’s Shares Sag originally appeared on DailyFinance.com on 2012-09-07T06:00:00Z.
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