Culp Q3 2024 GAAP EPS $(0.260) Misses $(0.190) Estimate, Sales $60.418M Beat $59.432M Estimate
Portfolio Pulse from Benzinga Newsdesk
Culp Inc. (NYSE:CULP) reported Q3 2024 earnings with a GAAP EPS of $(0.260), missing the $(0.190) estimate by 36.84%, but showed improvement over last year's $(0.730) per share. Sales reached $60.418M, exceeding the $59.432M estimate by 1.66% and marking a 15.03% increase from the previous year.
March 06, 2024 | 9:19 pm
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Culp Inc. reported a Q3 2024 GAAP EPS of $(0.260), missing estimates, but sales of $60.418M exceeded expectations and grew 15.03% YOY.
While Culp Inc. missed EPS estimates, indicating potential concerns about profitability, the sales beat and year-over-year growth suggest resilience and potential for recovery. The mixed results could lead to neutral short-term stock price movement as investors weigh the implications.
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