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CaesarStone: 1Q Earnings Snapshot

MP MENASHE, Israel (AP) _ CaesarStone Sdot-Yam Ltd. (CSTE) on Wednesday reported a first-quarter loss of $405,000, after reporting a profit in the same period a year earlier.

The Mp Menashe, Israel-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, were 8 cents per share.

The maker of quartz surface slabs posted revenue of $128.2 million in the period.

CaesarStone expects full-year revenue in the range of $580 million to $600 million.

CaesarStone shares have climbed 11% since the beginning of the year. The stock has fallen 18% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSTE at https://www.zacks.com/ap/CSTE