Caesarstone (CSTE) Tops Q2 EPS by 18c; Sees FY18 Revs at Low-End to Mid-Point of Range

Caesarstone (NASDAQ: CSTE) reported Q2 EPS of $0.43, $0.18 better than the analyst estimate of $0.25. Revenue for the quarter came in at $149.2 million versus the consensus estimate of $152.27 million.

GUIDANCE:

The Company reiterates its full year 2018 adjusted EBITDA outlook, which is expected to be in the range of $74 million to $82 million. Given current currency exchange rates, the Company expects an adverse currency exchange impact of approximately $10 million for the year and therefore now anticipates 2018 revenue to be at the low end to mid-point of the previously announced range of $590 million to $610 million.

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

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