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CaesarStone: 4Q Earnings Snapshot

MP MENASHE, Israel (AP) _ CaesarStone Sdot-Yam Ltd. (CSTE) on Wednesday reported fourth-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Mp Menashe, Israel-based company said it had net income of 4 cents. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.

The maker of quartz surface slabs posted revenue of $142.9 million in the period.

For the year, the company reported profit of $24.4 million, or 72 cents per share. Revenue was reported as $575.9 million.

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

CaesarStone shares have increased 16 percent since the beginning of the year. The stock has fallen 23 percent 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