Sealy Corp. Misses Estimates; Shares Fall (ZZ)

Sealy Corporation ZZ reports Q3 earnings of $0.4 versus consensus of $0.05. Sealy Corporation (ZZ) reports revenues of $346.2 million versus consensus of $364.00 million. The company reported gross margins of 39.7%. ZZ now sees 2010 adjusted EBITDA growth of 4-6%. Shares of ZZ are lower in the after-hours by 9.71%.