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Somnigroup International: Q2 Earnings Snapshot
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DALLAS (AP) — DALLAS (AP) — Somnigroup International Inc. (SGI) on Thursday reported second-quarter earnings of $110.9 million.

The Dallas-based company said it had net income of 52 cents per share. Earnings, adjusted for non-recurring costs, came to 58 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 58 cents per share.

The mattress maker posted revenue of $1.82 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.89 billion.

Somnigroup International expects full-year earnings in the range of $2.85 to $3.15 per share.

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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 SGI at https://www.zacks.com/ap/SGI

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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