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Somnigroup International: Q3 Earnings Snapshot
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DALLAS (AP) — DALLAS (AP) — Somnigroup International Inc. (SGI) on Monday reported third-quarter earnings of $163.5 million.

On a per-share basis, the Dallas-based company said it had profit of 74 cents. Earnings, adjusted for non-recurring costs, came to $1.04 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The mattress maker posted revenue of $2.35 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $2.42 billion.

Somnigroup International expects full-year earnings in the range of $2.85 to $2.95 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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