Shares of Insteel Industries IIIN were unchanged at $15.23 in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 480.00% year over year to $0.29, which beat the estimate of $0.09.
Revenue of $114,900,000 rose by 2.64% from the same period last year, which beat the estimate of $100,280,000.
Guidance
Insteel Indus hasn't issued any earnings guidance for the time being.
Insteel Indus hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Apr 16, 2020
Time: 03:01 PM ET
Webcast URL: https://edge.media-server.com/mmc/p/6e3zqoce
Technicals
Company's 52-week high was at $26.61
52-week low: $10.00
Price action over last quarter: down 41.45%
Company Description
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
