Tempur-Pedic Soars On Guidance (TPX)

Tempur-Pedic International TPX announced last night that it now expects to report Q1 earnings per share of $0.67 to $0.68, which compares to current consensus estimates of $0.61. The company also increased its full year 2011 EPS forecast to between $2.80 and $2.95. This compares to consensus estimates of $2.71. The stock is soaring during Friday's trading session on the bullish outlook. Currently, TPS shares are up 13% to $57.60.