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NEW YORK (AP) -- Bedding maker Select Comfort Corp. warned Wednesday it will likely fall short of Wall Street's earnings expectations for the third quarter due to lower sales in the 10 weeks leading up to Labor Day. Shares tumbled more than 9 percent in after-hours trading. Analysts polled by Thomson Financial are expecting a profit of 27 cents per share for the quarter. Chief Financial Officer Jim Raabe said in a conference call the company's retail sales trends have improved compared with the first and second quarters. "That stated, our business performance is not as consistent as we would like, including sales which were below last year's record Labor Day weekend," he said. The transcript of the call was disclosed in a regulatory filing. Raabe added that the company is still on track to achieve the low end of its full-year earnings guidance of 87 cents per share. Analysts are expecting earnings of 86 cents per share for the year. Shares fell $1.65, or 9.5 percent, to $15.75 in after-hours electronic trading. The stock had closed down 7 cents at $17.40 in the regular session.
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