Insteel Indus Q3 EPS $0.54 Misses $0.66 Estimate, Sales $165.71M Miss $186.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Insteel Indus (NYSE:IIIN) reported Q3 earnings of $0.54 per share, missing the analyst consensus estimate of $0.66 by 18.18%. This is a 72.45% decrease from the same period last year. The company also reported quarterly sales of $165.71 million, missing the analyst consensus estimate of $186.32 million by 11.06%. This is a 27.05% decrease from the same period last year.
July 20, 2023 | 10:32 am
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Insteel Indus reported lower than expected Q3 earnings and sales, with a significant decrease from the same period last year.
Insteel Indus reported lower than expected earnings and sales for Q3, which is a significant decrease from the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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