The Traderszone Network

Published in TZ Latest News 6 September, 2014 by The TZ Newswire Staff

Update: Culp Beats On Top And Bottom Lines In Q1

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%.

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