Culp reports q4 loss per share $2.26

Culp announces results for fourth quarter and fiscal 2020, provides current business improvement and liquidity update, announces quarterly dividend.q4 loss per share $2.26.q4 earnings per share estimate $-0.16 -- refinitiv ibes data.sold majority interest in eluxury, llc on march 31, resulting in elimination of co's home accessories segment.business has improved materially since end of fiscal 2020.encouraged by positive sales trends & reports of consumer spending in home furnishings sector.culp - mattress fabrics, upholstery fabrics segment seen better-than-expected increases in orders, shipments, output for first 8 weeks of fiscal 2021.likely that covid-19 pandemic will continue to have an impact on business through at least h1 of fiscal 2021.believe business will continue its solid return through first & second qtrs of fiscal 2021.board of directors declared a quarterly cash dividend of 10.5 cents per share, payable in july.qtrly net sales were $47.4 million, down 29.3% over prior-year period.expects sales and operating performance for q1 fiscal 2021 to be significantly improved versus q4 fiscal 2020.q1 fiscal 2021 operating income expected to be near break‑even.q1 fiscal 2021 net cash position expected to be comparable to net cash position at end of fiscal 2020 year.
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