Tempur-Pedic rises 18% on better-than-expected Q2 results

Tempur-Pedic International Inc. (NYSE:TPX) is up more than 18% today after the company announced after the close on Thursday second-quarter earnings that beat Wall Street views. For the quarter ended June 30, the mattress maker reported net income of $20.2 million, or $0.27 per share, compared with $32.9 million, or $0.39 per share, for the same quarter a year ago. On average, analysts were expecting $0.23 per share.

In today’s trading, shares of Lexington, Ky.-based Tempur-Pedic are up $1.62 at $10.30 at 2:02 p.m. ET on above-average volume. During the past 52 weeks, the stock has ranged from $7.05 to $37.87.

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