Culp, Inc. (CFI) Tops Q1 EPS by 7c, Offers Outlook

August 30, 2016 4:20 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Culp, Inc. (NYSE: CFI) reported Q1 EPS of $0.56, $0.07 better than the analyst estimate of $0.49. Revenue for the quarter came in at $80.7 million versus the consensus estimate of $79.4 million.

Financial Outlook

  • The projection for the second quarter of fiscal 2017 is for overall sales to be flat to slightly higher as compared with the same period last year. Pre-tax income is expected to be in the range of $6.6 million to $7.1 million. Pre-tax income for the second quarter of fiscal 2016 was $6.1 million.
  • The company expects fiscal 2017 to be another good year for free cash flow even after the planned approximately $12 million in capital expenditures.

For earnings history and earnings-related data on Culp, Inc. (CFI) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Guidance

Related Entities

Earnings

Add Your Comment