CaesarStone: 2Q Earnings Snapshot

By The Associated Press

Posted August 5, 2020 11:22 am.

Last Updated August 5, 2020 11:24 am.

This article is more than 5 years old.

MP MENASHE, Israel (AP) _ CaesarStone Sdot-Yam Ltd. (CSTE) on Wednesday reported a second-quarter loss of $5.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Mp Menashe, Israel-based company said it had a loss of 17 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 10 cents per share.

The maker of quartz surface slabs posted revenue of $99 million in the period.

CaesarStone shares have decreased 24% since the beginning of the year. The stock has declined 18% in the last 12 months.

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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

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