And finally, shares of Mattress Firm Holding (MFRM) was the big loser in late trades after the Houston-based company fell short on revenue in its fiscal first quarter and gave a below-consensus outlook for the top line for the second quarter.
The company posted a profit of $9.7 million, or 29 cents a share, on sales of $209.8 million for the three months ended in April vs. the average estimate of analysts polled by Thomson Reuters for earnings of 25 cents a share on revenue of $212.1 million. Mattress Firm also forecast revenue of $270 million to $275 million for the July-ending quarter, below the $278.3 million analyst view.
The stock was last quoted at $30.60, down 13.2%, on volume of more than 150,000, according to Nasdaq.com.
Written by Michael Baron in New York.
>To contact the writer of this article, click here: Michael Baron.
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