Mattress Firm (MFRM) Stock Down in After-Hours Trading Following Earnings Results

NEW YORK (TheStreet) -- Shares of Mattress Firm Holding Corp. (MFRM) are down by 2.71% to $59.99 in after-hours trading on Tuesday, after the company released its 2015 first quarter earnings results.

The mattress retailer reported a year-over-year rise in its earnings per share and revenue results. However, these figures fell short of analysts' forecasts.

For the most recent quarter the company's non-GAAP adjusted earnings were 33 cents per share, up from the 31 cents per share reported for the 2014 first quarter.

Analysts were expecting earnings of 39 cents per share for the latest quarter.

Net sales grew by 68.7% to $562.6 million, while analysts were expecting $565.84 million in revenue for the period.

Despite missing expectations, the company likes its overall performance in the quarter:

"We are pleased our dedicated organization delivered 68.7% net sales growth and our seventh consecutive quarter of positive comparable-store sales, as we continue to navigate a period of extraordinary integration of multiple acquisitions," company CEO Steve Stagner said in a statement.

Separately, TheStreet Ratings team rates MATTRESS FIRM HOLDING CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate MATTRESS FIRM HOLDING CORP (MFRM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: MFRM Ratings Report

MFRM Chart MFRM data by YCharts

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