- Tempur Sealy (NYSE:TPX) is up 11.4% after delivering a profit beat with its Q3 report.
- The company's gross margin rate improved 260 bps to 43.5% and EPS was 19% higher than a year ago, despite a drop in revenue.
- Tempur kept a tight lid on expenses during the quarter, with both selling/marketing costs and G&A spending lower than a year ago.
- Shares of TPX are still far away from their 52-week high of $82.61.
- Previously: Tempur Sealy beats by $0.11, misses on revenue (Oct. 27)
Double-digit rally for Tempur Sealy after earnings
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Symbol | Last Price | % Chg |
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TPX | - | - |
Tempur Sealy International, Inc. |