Caesarstone (CSTE) Tops Q3 EPS by 4c, Lowers FY Revenue Guidance

Caesarstone (NASDAQ: CSTE) reported Q3 EPS of $0.31, $0.04 better than the analyst estimate of $0.27. Revenue for the quarter came in at $147.7 million versus the consensus estimate of $155.38 million.

GUIDANCE:

Caesarstone sees FY2018 revenue of $572-578 million, versus the consensus of $593.3 million.

• Based on the revised revenue outlook, the Company now expects adjusted EBITDA in 2018 to be at the low end of its previously provided range of $74 million to $82 million, with moderated revenue expectations partly offset by cost-saving actions.

For earnings history and earnings-related data on Caesarstone (CSTE) click here.

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