JPMorgan Downgrades CaesarStone (CSTE) to Neutral

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Caesarstone Reports Third Quarter Results

November 2, 2016 6:30 AM EDT

Third Quarter Revenue grew 5.5% to a new record of $144.3 million; Up 3.8% on a Constant Currency basis Third Quarter Diluted EPS of $0.65; Adjusted Diluted EPS of $0.70 Revises Full-Year 2016 Guidance Range for Revenue and Adjusted EBITDA

MP MENASHE, Israel--(BUSINESS WIRE)-- Caesarstone Ltd. (NASDAQ: CSTE), a manufacturer of high quality engineered quartz surfaces, today reported financial results for its third quarter ended September 30, 2016.

Revenue in the third quarter of 2016 increased by 5.5% to a new record... More