Caesarstone Ltd. (CSTE) released Loss for its first quarter that increased from the same period last year but beat the Street estimates.
The company's bottom line came in at -$5.1 million, or -$0.15 per share. This compares with -$3.8 million, or -$0.11 per share, in last year's first quarter.
Excluding items, Caesarstone Ltd. reported adjusted earnings of -$4.3 million or -$0.13 per share for the period.
Analysts on average had expected the company to earn -$0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 21.4% to $118.3 million from $150.6 million last year.
Caesarstone Ltd. earnings at a glance (GAAP) :
-Earnings (Q1): -$5.1 Mln. vs. -$3.8 Mln. last year.
-EPS (Q1): -$0.15 vs. -$0.11 last year.
-Revenue (Q1): $118.3 Mln vs. $150.6 Mln last year.
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