Edition:
India

Culp Inc Reports Q4 Results


Thursday, 13 Jun 2019 

June 12 (Reuters) - Culp Inc ::CULP ANNOUNCES RESULTS FOR FOURTH QUARTER AND FISCAL 2019.Q4 LOSS PER SHARE $0.11.Q4 SALES $71 MILLION VERSUS REFINITIV IBES ESTIMATE OF $70.3 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.10 -- REFINITIV IBES DATA.PROJECTION FOR Q1 FISCAL 2020 IS FOR OVERALL SALES TO BE SLIGHTLY HIGHER AS COMPARED TO Q1 OF FISCAL 2019.PRE-TAX INCOME FOR Q1 OF FISCAL 2020 IS EXPECTED TO BE IN RANGE OF $2.5 MILLION TO $3.2 MILLION."FACED A NUMBER OF SIGNIFICANT CHALLENGES" IN Q4, "PRIMARILY RELATED TO GLOBAL TRADE DISRUPTION AND AN OVERALL WEAKER RETAIL ENVIRONMENT".CAPITAL EXPENDITURES FOR FISCAL 2020 ARE EXPECTED TO BE IN $6.5 MILLION TO $7.0 MILLION RANGE. 

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18.74
0.11 +0.59%
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