Caesarstone Ltd. (CSTE) released Loss for fourth quarter that decreased from the same period last year
The company's earnings came in at -$50.521 million, or -$1.47 per share. This compares with -$73.966 million, or -$2.15 per share, in last year's fourth quarter.
Excluding items, Caesarstone Ltd. reported adjusted earnings of -$9.753 million or -$0.28 per share for the period.
The company's revenue for the quarter fell 19.4% to $128.525 million from $159.369 million last year.
Caesarstone Ltd. earnings at a glance (GAAP) :
-Earnings (Q4): -$50.521 Mln. vs. -$73.966 Mln. last year.-EPS (Q4): -$1.47 vs. -$2.15 last year.-Revenue (Q4): $128.525 Mln vs. $159.369 Mln last year.
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