Culp (CFI) Tops Q3 EPS by 3c

Culp (NYSE: CFI) reported Q3 EPS of $0.47, $0.03 better than the analyst estimate of $0.44. Revenue for the quarter came in at $78.5 million versus the consensus estimate of $82.78 million.

Guidance for Fourth Quarter and Fiscal 2016

• The projection for the fourth quarter of fiscal 2016 is for overall sales to be comparable with the previous year’s fourth quarter. Pre-tax income for the fourth quarter of fiscal 2016 is expected to be in the range of $6.7 million to $7.2 million. Pre-tax income for the fourth quarter of fiscal 2015 was $6.7 million.
• The projection for the full year is for overall sales to be slightly higher than last year.
• Pre-tax income for the full year is expected to be $27.5 million to $28.0 million, compared with $23.0 million last fiscal year. The highest annual pre-tax income in the company’s history was the $23.0 million achieved last fiscal year.

For earnings history and earnings-related data on Culp (CFI) click here.

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