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CaesarStone posts 2Q profit

MP MENASHE, Israel (AP) _ CaesarStone Sdot-Yam Ltd. (CSTE) on Wednesday reported second-quarter earnings of $14.5 million.

The Mp Menashe, Israel-based company said it had net income of 42 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 49 cents per share.

The maker of quartz surface slabs posted revenue of $148.9 million in the period.

CaesarStone expects full-year revenue in the range of $580 million to $595 million.

CaesarStone shares have climbed 23 percent since the beginning of the year. The stock has fallen nearly 6 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


Keywords: CaesarStone, Earnings Report