Culp Fiscal Q1 Swings to Earnings, Revenue Rises; Shares Up After Hours

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Culp (CULP) reported fiscal Q1 earnings late Wednesday of $0.47 per diluted share, swinging from a loss of $0.02 a year earlier.

Net sales for the quarter ended Aug. 2 rose to $54 million from $50.7 million a year earlier.

The company's shares were up more than 15% in after-hours activity.

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