Chardan Capital Markets Downgrades CaesarStone Sdot-Yam (CSTE) to Neutral on Valuation

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Caesarstone Reports First Quarter 2017 Results

May 10, 2017 6:30 AM EDT

Quarterly Revenue Up 16.7% to $136.4 million; up 14.5% on Constant Currency Reports First Quarter Diluted EPS of $0.31; Adjusted Diluted EPS of $0.36 Reiterates Full Year Guidance for Sales 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 first quarter ended March 31, 2017.

Revenue in the first quarter of 2017 increased by 16.7% to $136.4 million compared to $116.9 million in the same quarter of the prior... More