: Sleep Number stock reverses higher after 2022 revenue outlook updated, and CFO resigns

Share of Sleep Number Corp. SNBR rallied 3.4% in afternoon trading Friday, reversing an earlier intraday loss of as much as 11.8%, after the bed and mattress maker provided a downbeat 2022 profit outlook but updated its revenue outlook to be in line with expectations. The company also said its chief financial officer was stepping down after nearly 9 years in the role. Sleep Number said its expects to report 2022 earnings per share of $1.60, which is below the current FactSet consensus of...