MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Sleep Number Corp. (SNBR) on Wednesday reported a loss of $4.7 million in its fourth quarter.
On a per-share basis, the Minneapolis-based company said it had a loss of 21 cents. Losses, adjusted for non-recurring costs, came to 18 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The seller of beds, mattresses and bedding products posted revenue of $376.8 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $388.5 million.
For the year, the company reported a loss of $20.3 million, or 90 cents per share. Revenue was reported as $1.68 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNBR at https://www.zacks.com/ap/SNBR
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