Culp, Inc. (CULP) Reports Q3 Loss, Tops Revenue Estimates

Culp, Inc. (CULP) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -62.50%. A quarter ago, it was expected that this company would post a loss of $0.20 per share when it actually produced a loss of $0.19, delivering a surprise of 5%.Over the last four quarters, the company has surpassed consen ...