Culp, Inc. Reports Q2 Loss, Tops Revenue Estimates

Culp, Inc. (CULP) reported a Q2 loss of $0.3 per share, exceeding the Zacks Consensus Estimate of a loss of $0.18. Revenue was $53.2 million, surpassing estimates by 0.17%. The company has underperformed the market this year, with shares down 34.2%. The Zacks Rank is #3 (Hold), indicating expected performance in line with the market.