Select Comfort plunges on Q3 miss, weak guidance

"Our execution was muted by a progressively more challenged macro-economic environment, resulting in performance below expectations," Select Comfort's (SCSS) Shelly Ibach says.

Whatever the case, investors don't like the company's quarter, as the shares are off 26% AH following a top and bottom line miss for Q3.

Operating margin fell 470 bps Y/Y for the period.

Outlook: FY13 EPS guidance is cut to $1.14-1.22 from $1.30-1.45. Management sees FQ4 EPS of $0.18-0.26 against consensus of $0.32/share. (PR)

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