Recap: Culp Q4 Earnings
Portfolio Pulse from Benzinga Insights
Culp (NYSE:CULP) reported its Q4 earnings results, beating estimated earnings by 19.15% with an EPS of $-0.38 versus an estimate of $-0.47. Revenue was up $4.49 million from the same period last year. Last quarter, the company missed on EPS by $0.12, which was followed by a 1.09% drop in the share price the next day.
June 28, 2023 | 8:30 pm
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Culp's Q4 earnings beat estimates by 19.15%, with an EPS of $-0.38. Revenue increased by $4.49 million YoY. However, the company's share price dropped by 1.09% the day after it missed EPS estimates last quarter.
Culp's better-than-expected Q4 earnings and increased revenue could positively impact its stock price. However, investors may remain cautious due to the company's past performance, where a missed EPS estimate led to a drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100