Tempur-Pedic International up Over 10% on Positive Earnings and Guidance

Tempur-Pedic International TPX is up over 10% on the positive earnings and guidance that were announced yesterday after the close. The company reported Q2 EPS of $0.76 vs. $0.67 Est and revenues of $342.2M vs. $322.46M Est. TPX also announced a $200M buyback program and raised FY2011 EPS and sales guidance. Tempur-Pedic is currently trading at $73.68, a gain of $7.66 or 11.60%.