Select Comfort Corp Up 11.3%, Approaching 52-Week High On Earnings Beat (SCSS)

Shares of Minneapolis, Minnesota-based Select Comfort Corporation SCSS are trading up 11.3% at $11.68 per share during the Thursday afternoon trading session. The day's trading range for shares of Select Comfort Corporation has been between $11.25 and $11.99 per share, near its 52-week high of $12.06. Analysts covering the company's stock give it a consensus price target of $11.00 per share. Volume of 2.3 million shares is already more than 4 times the daily average volume of 526,000 shares. Select Comfort Corporation (SCSS) announced on Wednesday after the market closed that it exceeded consensus Wall Street expectations. Select Comfort Corporation announced 4th quarter earnings of 13 cents per share, on revenue of $148.7 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 10 cents per share, on revenue of $143.7 million. Select Comfort Corporation designs, manufactures, markets and supports a line of adjustable-firmness mattresses featuring air-chamber technology, branded the Sleep Number bed, as well as foundations and bedding accessories. Read more from Benzinga's Company news.