Culp, Inc. (CULP) Reports Q1 Loss, Misses Revenue Estimates

Culp, Inc. (CULP) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to a loss of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +83.33%. A quarter ago, it was expected that this company would post a loss of $0.1 per share when it actually produced a loss of $0.06, delivering a surprise of +40%.Over the last four quarters, the company has surpassed con ...