More on Tempur-Pedic (TPX): Q2 beats despite the fact that profit slumped in the quarter, as the mattress maker deals with a deeply competitive climate in its North American business. Still, shares are higher in the post session as both earnings and revenue declined less than the 50% the company had predicted in a dismal forecast issued last month. The company also ups its earnings forecast for the year, now expecting to $2.80 per share, reflecting a lower share count due to recent share repurchases. Shares +8.8% AH.
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