Culp Q4 EPS $(0.38) Beats $(0.47) Estimate, Sales $61.40M Beat $55.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Culp (NYSE:CULP) reported Q4 losses of $(0.38) per share, beating the analyst consensus estimate of $(0.47) by 19.15%. This is a 22.45% increase over losses from the same period last year. The company also reported quarterly sales of $61.40 million, beating the analyst consensus estimate of $55.52 million by 10.59%. This is a 7.83% increase over sales from the same period last year.
June 28, 2023 | 8:16 pm
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POSITIVE IMPACT
Culp's Q4 results exceeded analyst estimates, with a 22.45% increase in losses and a 7.83% increase in sales compared to the same period last year.
Culp's Q4 results exceeded analyst estimates, which is generally a positive signal for investors. The increase in losses and sales compared to the same period last year indicates improved performance, which could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100