GONZALES, LA (AP) — Strong sales helped Crown Crafts Inc., a Gonzales-based baby products company, up its fiscal first-quarter profit to $927,000, or 9 cents per share, compared to $703,000, or 7 cents per share, a year ago.
Crown's net sales rose to $17.9 million for the three months ending June 28, compared to $15.7 million a year ago. However, the results from a year ago included a $91,000 after-tax charge for legal fees related to a patent-infringement lawsuit Crown settled late in 2014.
The Advocate’s Ted Griggs reports Crown's first-quarter results outperformed Wall Street's expectations. Stock analysts surveyed by Zacks Investment Research had forecast earnings of 7 cents per share.
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