Mattress Firm Holding Company (MFRM), which was up in early trading continues to charge ahead after the company beat analyst expectations yesterday afternoon and reported earnings of $.38 per share excluding items. Analyst at expected $.36 per share. Revenue grew higher-than-expected in the company improved its outlook.
Shares of Mattress Firm Holding Company (MFRM) our up 7% in early trading today to $40.16 on much higher than normal volume. 15 minutes in to the trading day Mattress Firm Holding Company (MFRM) as traded 320,000 shares, with average volume 235,000 shares. The stock has traded in a range from $39.36 to $41.20 today.
Mattress Firm stated revenue from stores open at least a year was down more than 5% however the company has been expanded rapidly through a series of acquisitions. Shares of Mattress Firm Holding Company (MFRM) Have risen more than 50% to help make up for losses at the end of last year.
Mattress Firm Holding Corp., (MFRM) through its subsidiaries, operates as a specialty retailer of mattresses, and related products and accessories in the United States
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