Caesarstone Q1 2024 Adj EPS $(0.13) Beats $(0.16) Estimate, Sales $118.292M Miss $126.703M Estimate
Portfolio Pulse from Benzinga Newsdesk
Caesarstone reported Q1 2024 adjusted EPS of $(0.13), beating estimates by 18.75% but saw a sales decline of 21.47% year-over-year, missing sales estimates by 6.64%.
May 08, 2024 | 11:08 am
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Caesarstone's Q1 2024 earnings beat EPS estimates but missed on sales, indicating mixed financial health.
While Caesarstone's EPS outperformed expectations, suggesting operational efficiency or cost control, the miss on sales forecasts could raise concerns about demand or market share. The mixed results may lead to cautious optimism among investors, balancing the positive earnings surprise against the negative sales performance.
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