04:56 PM EST, 12/04/2024 (MT Newswires) -- Culp ( CULP ) late Wednesday reported a fiscal Q2 net loss of $0.45 per diluted share, wider than a $0.19 loss a year earlier.

One analyst polled by FactSet expected a $0.34 loss.

Net sales for the quarter ended Oct. 27 were $55.7 million, compared with $58.7 million a year earlier.

One analyst expected $58 million.

For fiscal Q3, the mattress company is projecting net sales that are flat to down slightly, compared with Q2.

One analyst is looking for $62 million.

Shares were down more than 5% in after-hours activity.