Sealy swings to profit
6/26/12 4:46 PM ET (MarketWatch)Print
SAN FRANCISCO (MarketWatch) -- Sealy Corp. reported late Tuesday it swung to a fiscal first-quarter profit of $1.68 million, or 2 cents a share, up from a loss of $377,000, or break even, a year ago. Revenue for the quarter fell 3% to $312 million from a year ago. Analysts polled by FactSet Research had predicted the mattress maker would again break even with its per-share earnings on $313 million in sales. Shares of Sealy have dropped 11% in the past three months.