Culp Inc (CULP) shares rise 14.90% after hours following Q1 fiscal 2027 earnings beat

Culp Inc (CULP) shares rose 14.90% in after-hours trading following the release of its first-quarter fiscal 2027 earnings results. The company reported a significant financial turnaround, characterized by revenue growth that beat estimates by 4.4%, a swing to net income of $6.0 million from a prior-year loss, and gross margin expansion to 28.5%. Management also provided positive forward guidance, forecasting break-even or positive adjusted EBITDA for the upcoming quarter.