Caesarstone Sdot-Yam Ltd (CSTE) Releases Earnings Results, Beats Expectations By $0.08 EPS

Caesarstone Sdot-Yam Ltd (CSTE) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.65. The company posted revenue of $142.30 million in the period, compared to analysts expectations of $139.82 million. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Caesarstone Sdot-Yam Ltd closed down -1.43 points or -3.82% at $35.96 with 4,96,167 shares getting traded on Tusday. Post opening the session at $37.39, the shares hit an intraday low of $35.81 and an intraday high of $37.4 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Caesarstone Sdot-Yam Ltd. is a manufacturer of engineered quartz surfaces. The Company sells its products under its Caesarstone brand. The company’s products consist of engineered quartz which are installed as countertops in residential kitchens. Other applications of its products include vanity tops wall panels back splashes floor tiles stairs and other interior surfaces. Its engineered quartz slabs generally measure 120 inches long by 56 1/2 inches wide with a thickness of 1/2 of an inch 3/4 of an inch or 1 1/4 inches. The company offers a spectrum of design options in the engineered quartz surface industry with different colors textures and finishes. Its designs range from fine-grained patterns to coarse-grained color blends with a variegated visual texture. The company’s products are manufactured at its two manufacturing facilities located in Kibbutz Sdot-Yam in central Israel and Bar-Lev Industrial Park in northern Israel.

Caesarstone Sdot-Yam Ltd

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