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Shares of Insteel Indus (NASDAQ:IIIN) were unchanged after the company reported Q4 results.
Earnings per share increased 533.33% year over year to $0.39, which beat the estimate of $0.24.
Revenue of $138,231,000 higher by 21.89% year over year, which beat the estimate of $114,320,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Oct 22, 2020
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/xh6ssc3c
Recent Stock Performance
Company's 52-week high was at $26.61
52-week low: $10.00
Price action over last quarter: Up 6.22%
Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures and markets PC strand and welded wire reinforcement, including ESM, concrete pipe reinforcement, and standard welded wire reinforcement. The company's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Its concrete reinforcing products consist of two product lines: PC strand and WWR. Insteel generates its geographical revenue from the United States.
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