CaesarStone: 2Q Earnings Snapshot
MP MENASHE, Israel (AP) _ CaesarStone Sdot-Yam Ltd. (CSTE) on Wednesday reported second-quarter profit of $6.4 million.
The Mp Menashe, Israel-based company said it had net income of 19 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 23 cents per share.
The maker of quartz surface slabs posted revenue of $141.1 million in the period.
CaesarStone expects full-year revenue in the range of $550 million to $565 million.
CaesarStone shares have risen roughly 5% since the beginning of the year. The stock has declined 5% in the last 12 months.