Culp Q4 2024 GAAP EPS $(0.39) Beats $(0.45) Estimate, Sales $49.500M Miss $49.727M Estimate
Portfolio Pulse from Benzinga Newsdesk
Culp (NYSE:CULP) reported a Q4 2024 GAAP EPS of $(0.39), beating the analyst estimate of $(0.45). However, sales of $49.5M missed the $49.727M estimate and were down 19.42% year-over-year.
June 27, 2024 | 8:19 pm
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Culp's Q4 2024 GAAP EPS of $(0.39) beat estimates, but sales of $49.5M missed expectations and were down 19.42% year-over-year.
While Culp's EPS beat expectations, the miss on sales and significant year-over-year decline in revenue may neutralize the positive impact of the EPS beat. Investors may have mixed reactions, leading to a neutral short-term price impact.
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