How Will Crown Crafts (CRWS) Stock Be Affected By Its Earnings Results?

NEW YORK (TheStreet) --Crown Crafts Inc. (CRWS) reported its financial results for the 2014 fourth quarter and fiscal year, which showed a 9.4% increase in net income for the quarter and a 12.9% increase in net income for the full year.

The company, which sells infant and toddler related products through its Crown Crafts Infant Products Inc. subsidiary, posted net income of $2 million, or 21 cents per diluted share on net sales of $24 million for the 2014 fourth quarter, compared to net income of $1.9 million, or 19 cents per diluted share, on net sales of $23.6 million for the 2013 fourth quarter.

Crown Crafts' net income for the full year 2014 was $5.8 million, or 59 cents per diluted share on net sales of $81.3 million, compared with net income of $5.1 million, or 52 cents per diluted share, on net sales of $78.4 million for fiscal 2013.

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Shares of Crown Crafts are down -0.25% to $8.08 at the beginning of trade on Wednesday.

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