07:58 AM EDT, 08/06/2024 (MT Newswires) -- Tempur Sealy International ( TPX ) reported Q2 earnings Tuesday of $0.63, up from $0.58 a year earlier.

Analysts polled by Capital IQ expected $0.64.

Net sales for the quarter ended June 30 was $1.23 billion, down from $1.27 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.28 billion.

The company lowered its 2024 adjusted earnings per share guidance range to $2.45 to $2.65, from $2.60 to $2.90 previously. Analysts surveyed by Capital IQ expect $2.68.

The shares of the company dropped almost 5.4% in recent premarket activity Tuesday.

Price: 45.99, Change: -2.61, Percent Change: -5.37