Culp Announces Results for Second Quarter Fiscal 2019
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq end lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Culp, Inc. (CULP) Tops Q2 EPS by 2c, Revenues Beat
November 29, 2018 4:20 PM ESTCulp, Inc. (NYSE: CULP) reported Q2 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $77 million versus the consensus estimate of $76.32 million.
Financial Outlook
Commenting on the outlook for the third quarter of fiscal 2019, Bowling remarked, We expect overall sales to be down approximately seven percent compared with the third quarter of last year.
We expect sales, operating income and margins in our mattress fabrics segment to show sequential improvement over the second quarter, but to be significantly... More
