Crown Crafts: Gains on higher Q1 profit, revenue

Crown Crafts

14/08/2019 15:14

** Shares of baby products maker  CRWS.O  up 11.3% at $5.32
- stock eyes best day in over nine months at current levels
    ** Co's Q1 profit jumps ~309% to $1.1 mln, impacted
favorably due to a reversal of a portion of reserves for
unrecognized tax benefits and related interest and penalties
that had been previously accrued
    ** CRWS quarterly sales rise 3% to $15.9 mln  urn:newsml:reuters.com:*:nGNX65MFTf
    ** Co's gross margins increase to 28.5% from 26.7% a year
earlier and CRWS also declares qtrly dividend of $0.08/shr
    ** Including session gains, CRWS down 1.5% YTD

 (Reporting by Arjun Panchadar in Bengaluru)