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Tempur-Pedic (TPX) cuts its guidance for FY12 EPS to $2.70, markedly lower than the consensus...

Tempur-Pedic (TPX) cuts its guidance for FY12 EPS to $2.70, markedly lower than the consensus forecast of analysts calling for $3.93. The company says that it expects Q2 net sales to be 3-5% lower Y/Y, with North American sales down close to 8%. TPX -19.4% premarket.
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