trending Market Intelligence /marketintelligence/en/news-insights/trending/f6uM5n-l220IdmjueRU8qw2 content esgSubNav
In This List

Crown Crafts profit misses consensus by 26.1% in fiscal Q1


HDFC Securities Investment Research Now Available through S&P Capital IQ Pro


MediaTalk | Season 2
Ep.2 Back to the Box Office


The Marriage of Two Best-in-Class Solutions Delivers a Significant Advancement in Data Visualization and Technical Analysis

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks

Crown Crafts profit misses consensus by 26.1% in fiscal Q1

Crown Crafts Inc. said its normalized net income for the fiscal first quarter ended June 29 amounted to 7 cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.

EPS declined 15.5% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $704,380, a decline of 13.9% from $818,130 in the prior-year period.

The normalized profit margin rose to 5.1% from 4.9% in the year-earlier period.

Total revenue declined 5.5% on an annual basis to $15.7 million from $16.6 million, and total operating expenses decreased year over year to $14.6 million from $15.3 million.

Reported net income decreased 10.8% year over year to $702,030, or 7 cents per share, from $787,200, or 8 cents per share.