By David Zanoni:
Culp, Inc. (NYSE:CFI) reported an 8.4% year-over-year increase in revenue of $76.1 million. This exceeded estimates for FQ1 by $1.67 million. EPS of $0.37 exceeded estimates by $0.02, but were $0.01 lower year-over-year. Mattress fabric sales increased 12.2%, while upholstery fabric sales increased 3.9%.