U.S. Markets open in 5 hrs 14 mins

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