Caesarstone Sdot-Yam (CSTE) Tops Q2 EPS by 3c; Updates FY15 Outlook

Caesarstone Sdot-Yam (NASDAQ: CSTE) reported Q2 EPS of $0.65, $0.03 better than the analyst estimate of $0.62. Revenue for the quarter came in at $127.5 million versus the consensus estimate of $134.22 million.

Guidance Revised

The Company today reiterated its guidance for full-year adjusted EBITDA of $123 to $129 million and commented that it now expects to achieve that range with better than previously expected margins.

As a result of slightly lower-than-expected U.S. growth and the further negative impact of foreign exchange rates, the Company moderated its full-year revenue guidance to a new range of $495 million to $505 million as compared to its prior range of $515 million to $525 million.

For earnings history and earnings-related data on Caesarstone Sdot-Yam (CSTE) click here.

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