Culp, Inc. (CFI) Reports In-Line Q4 EPS

Culp, Inc. (NYSE: CFI) reported Q4 EPS of $0.47, in-line with the analyst estimate of $0.47. Revenue for the quarter came in at $77.3 million versus the consensus estimate of $78.9 million.

The projection for first quarter fiscal 2017 is for overall sales to be comparable to slightly lower than the previous year’s first quarter, which was a very strong quarter. Pre-tax income for the first quarter of fiscal 2017 is expected to be in the range of $7.0 million to $7.5 million. Pre-tax income for the first quarter of fiscal 2016 was $7.4 million. The company expects fiscal 2017 to be another good year for free cash flow.

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

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