Investing.com - Caesarstone reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Caesarstone announced earnings per share of $0.01 on revenue of $180.7M. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $182.85M.
Caesarstone shares are down 16.73% from the beginning of the year and are trading at $8.53 , down-from-52-week-high.
Caesarstone follows other major Industrials sector earnings this month
Caesarstone's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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