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Why Sleep Number Rose 11% Today

TheMotleyFool

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Shares in technology-driven bed products maker and retailer Sleep Number (NASDAQ: SNBR) rose as much as 12% today, and are up 11% as of 11:30 a.m. EDT. The results follow similarly positive news from home furnishings retailer Ethan Allen earlier this week, which also drove its shares up double digits.

Sleep Number said its net sales grew 12% in the third quarter ended Sept. 26. It also reported earnings per share grew 90% and operating income rose 78% compared to the previous-year period.

Source Fool.com

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