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Somnigroup reports Q4 earnings beat

Somnigroup International Inc. (SGI) reported fourth-quarter earnings of $71.9 million, exceeding Wall Street expectations. Earnings per share were 40 cents, and adjusted earnings were 60 cents per share. Revenue for the period was $1.21 billion, also beating estimates. For the year, the company reported a profit of $384.3 million, or $2.16 per share, on revenue of $4.93 billion. Somnigroup expects full-year earnings in the range of $2.60 to $3 per share.