Revenue Update on Caesarstone Sdot-Yam Ltd(NASDAQ:CSTE)

Caesarstone Sdot-Yam Ltd(NASDAQ:CSTE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $142.35M. Analysts estimated a revenue of $139.53M. Earnings per share were $0.73. Analysts had estimated an EPS of $0.65.

Caesarstone Sdot-Yam Ltd (CSTE) shares turned negative on Fridays trading session with the shares closing down -0.24 points or -0.63% at a volume of 1,35,931. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.7899. The peak price level was also seen at $38.7899 while the days lowest was $38.0401. Finally the shares closed at $38.1. The 52-week high of the shares is $53.63 while the 52-week low is $27.31. According to the latest information available, the market cap of the company is $1,345 M.

Caesarstone Sdot-Yam Ltd. is a manufacturer of engineered quartz surfaces. The Company sells its products under its Caesarstone brand. The company’s products consist of engineered quartz which are installed as countertops in residential kitchens. Other applications of its products include vanity tops wall panels back splashes floor tiles stairs and other interior surfaces. Its engineered quartz slabs generally measure 120 inches long by 56 1/2 inches wide with a thickness of 1/2 of an inch 3/4 of an inch or 1 1/4 inches. The company offers a spectrum of design options in the engineered quartz surface industry with different colors textures and finishes. Its designs range from fine-grained patterns to coarse-grained color blends with a variegated visual texture. The company’s products are manufactured at its two manufacturing facilities located in Kibbutz Sdot-Yam in central Israel and Bar-Lev Industrial Park in northern Israel.

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