💨 Abstract

Somnigroup International Inc. (SGI) reported a $33.1 million loss for the first quarter, equating to 17 cents per share. However, adjusted earnings of 49 cents per share exceeded Wall Street's expectations of 47 cents. Revenue was $1.6 billion, slightly below the anticipated $1.64 billion. The company is based in Lexington, Kentucky.

Courtesy: wtop.com

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