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Recap: Caesarstone Q1 Earnings

Benzinga Insights

Shares of Caesarstone (NASDAQ:CSTE) remained unaffected at $10.18 after the company reported Q1 results.

Quarterly Results

Earnings per share increased 62.50% over the past year to $0.13, which beat the estimate of $0.09.

Revenue of $126,557,000 lower by 1.28% from the same period last year, which beat the estimate of $119,010,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Caesarstone hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 06, 2020

View more earnings on CSTE

Time: 03:00 PM ET

Webcast URL: http://public.viavid.com/player/index.php?id=139206

Recent Stock Performance

Company's 52-week high was at $17.85

52-week low: $7.65

Price action over last quarter: down 12.39%

Company Overview

Caesarstone Ltd manufactures engineered quartz surfaces. The company's products are quartz slabs, which are used as kitchen countertops in the renovation and remodeling, and residential construction end markets, as well as other applications, including vanity tops, wall panels, back splashes, floor tiles, stair, and other interior surfaces that are used in various residential and non-residential applications. Its products are sold under Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. Geographically, it derives a majority of revenue from the United States.

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