Textile maker Culp reports Q2 EPS of -$0.39, beating consensus, and shares rise to $4.48.
Textile maker Culp reported a Q2 EPS of -$0.39, beating the consensus estimate by $0.05, despite negative ROE of 16.06% and a net margin of 6.13%. Revenue was $49.53M, slightly lower than expected. Shares rose to $4.48 during midday trading. StockNews.com initiated coverage with a "hold" rating on June 23rd. Culp manufactures mattress fabrics, sewn covers, and cut & sewn kits for bedding products.
July 01, 2024
3 Articles