Caesarstone Ltd. (CSTE) released Loss for fourth quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line came in at -$24.34 million, or -$0.60 per share. This compares with -$50.52 million, or -$1.47 per share, last year.
Excluding items, Caesarstone Ltd. reported adjusted earnings of -$11.97 million or -$0.35 per share for the period.
Analysts on average had expected the company to earn -$0.23 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 23.9% to $97.86 million from $128.53 million last year.
Caesarstone Ltd. earnings at a glance (GAAP) :
-Earnings: -$24.34 Mln. vs. -$50.52 Mln. last year.
-EPS: -$0.60 vs. -$1.47 last year.
-Revenue: $97.86 Mln vs. $128.53 Mln last year.
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