LEXINGTON, Ky. (AP) — Tempur Sealy International Inc. (TPX) on Thursday reported fourth-quarter earnings of $46.2 million.

The Lexington, Kentucky-based company said it had profit of 84 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.37 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The mattress maker posted revenue of $871.3 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $775.3 million.

For the year, the company reported profit of $189.5 million, or $3.42 per share. Revenue was reported as $3.11 billion.

Tempur Sealy shares have increased nearly 9% since the beginning of the year. The stock has increased 75% 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 TPX at https://www.zacks.com/ap/TPX

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