Caesarstone Q3 Adj. EPS $(0.20) Misses $(0.16) Estimate, Sales $142.20M Miss $153.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Caesarstone reported Q3 adjusted losses of $(0.20) per share, missing the analyst consensus estimate of $(0.16) by 25%. This is a 2100% decrease from last year's earnings. The company also reported quarterly sales of $142.20 million, missing the analyst consensus estimate of $153.43 million by 7.32%. This is a 21.32% decrease from last year's sales.
November 08, 2023 | 12:05 pm
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Caesarstone's Q3 results missed estimates, with a significant decrease in earnings and sales compared to last year.
Caesarstone's Q3 results missed analyst estimates, with a significant decrease in earnings and sales compared to 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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