Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of mattress specialist Select Comfort
So what: Driven by a 22% pop in revenue, Select Comfort posted a first-quarter profit of $16.6 million, or $0.30 per share, versus the average analyst estimate of just $0.19 per share. The results mark the ninth-straight market-beating quarter for Select Comfort, which is benefitting greatly from rebounding demand across the industry.
Now what: "We expect our efforts to generate strong earnings growth over the balance of the year," CEO Bill McLaughlin said. So much so, in fact, that Select Comfort upped its profit outlook for 2011 to $0.85 to $0.93 per share, well above the $0.72 per share forecast by Wall Street. Earlier this month, rival Tempur-Pedic
Interested in more info on Select Comfort? Add it to your watchlist.