JPMorgan Downgrades CaesarStone (CSTE) to Neutral

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Go back to JPMorgan Downgrades CaesarStone (CSTE) to Neutral

Caesarstone Sdot-Yam (CSTE) Misses Q3 EPS by 7c; Revises Outlook Lower

November 2, 2016 6:38 AM EDT

Caesarstone Sdot-Yam (NASDAQ: CSTE) reported Q3 EPS of $0.70, $0.07 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $144.3 million versus the consensus estimate of $152.84 million.

GUIDANCE:

Caesarstone Sdot-Yam sees FY2016 revenue of $524-534 million, versus the... More