Culp Sees Q1 2024 Consolidated Operating Loss $(4.0)M-$(3.5)M Vs $(4.7)M YoY
Portfolio Pulse from Benzinga Newsdesk
Culp Inc. projects a consolidated operating loss of between $4.0 million and $3.5 million for Q1 2024, which is an improvement from the $4.7 million loss reported in the same period last year.
June 28, 2023 | 8:20 pm
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Culp Inc. expects a smaller operating loss in Q1 2024 compared to the same period last year, indicating potential financial improvement.
Culp Inc.'s projected operating loss for Q1 2024 is less than the loss reported in the same period last year. This suggests that the company's financial performance may be improving, which could positively impact its stock price in the short term.
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