Investing.com - Culp reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Culp announced earnings per share of $-0.47 on revenue of $62.6M. Analysts polled by Investing.com anticipated EPS of $-0.045 on revenue of $69.64M.
Culp shares are down 48% from the beginning of the year, still down 67.85% from its 52 week high of $14.31 set on November 1, 2021. They are under-performing the Nasdaq which is down 24.47% from the start of the year.
Culp follows other major Consumer Discretionary sector earnings this month
Culp's report follows an earnings beat by Home Depot on August 16, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Alibaba ADR had beat expectations on August 4 with third quarter EPS of $11.73 on revenue of $205.56B, compared to forecast for EPS of $10.7 on revenue of $203.47B.
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