Pursuits
Tempur Sealy Surges After U.S. Housing Market Helps Fuel Results
- Mattress company’s second-quarter earnings top estimates
- U.S. housing starts reached a four-month high in June
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Tempur Sealy International Inc. shares jumped the most in almost four years after the mattress company’s earnings topped estimates, helped by a rise in U.S. home construction.
Second-quarter profit rose to 92 cents a share, excluding some items, the Lexington, Kentucky-based company said on Thursday. That beat the 69 cents estimated by analysts, according to data compiled by Bloomberg.