Benzinga | Dec 3, 2020 04:32PM EST

Culp: Q2 Earnings Insights

Shares of Culp (NYSE:CULP) were flat after the company reported Q2 results.

Quarterly Results

Earnings per share increased 0.00% over the past year to $0.19, which beat the estimate of $0.14.

Revenue of $76,851,000 higher by 5.83% year over year, which beat the estimate of $68,780,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Culp hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $16.15

52-week low: $5.28

Price action over last quarter: Up 24.12%

Company Overview

Culp Inc manufacturers, sources, and markets mattress fabrics and sewn covers used for covering mattresses and box springs and upholstery fabrics including cut and sewn kits used in the production of upholstered furniture. The company has two operating segments Mattress fabrics and Upholstery fabrics. The mattress fabrics segment, also known as Culp Home Fashions, manufactures and markets mattress fabrics and mattress covers to bedding manufacturers. The upholstery fabrics segment markets fabrics for residential and commercial furniture, including jacquard woven fabrics, velvets, micro denier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane leather look fabrics.