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Culp Inc Issues Q4 2013 Guidance; Revenue Guidance Below Analysts' Estimates; Issues FY 2013 Guidance; Revenue Guidance Below Analysts' Estimates


Wednesday, 27 Feb 2013 04:04pm EST 

Culp Inc announced that for fourth quarter of 2013, it expects overall sales to be 4% to 9% lower as compared with the fourth quarter of fiscal 2012 and pre-tax income in the range of $5.2 million to $5.8 million. For fiscal 2013, it expects annual sales to exceed fiscal 2012 annual sales by approximately 5% and pre-tax income in the range of $19.6 million to $20.2 million. The Company reported revenue of $76 million in fourth quarter of 2012 and revenue of $254 million in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $78 million and pre-tax income of $5.5 million for fourth quarter of 2013; revenue of $277 million and pre-tax income of $19.9 million for fiscal 2013. 

Company Quote

17.79
0.28 +1.60%
4:02pm EDT