Yesterday Caesarstone Ltd (NASDAQ: CSTE) recorded $15.36 as peak trading price

On Thursday Caesarstone Ltd (NASDAQ: CSTE) ended the last transaction at $14.94 with a change of -2.67%. The company has a market worth of $505.42M. It holds an average volume of 99.67K shares. In recent session, the stock hit the peak level of $15.36 and touched to lowest level of $14.91.

Caesarstone Ltd (NASDAQ: CSTE), recently stated financial results for its third quarter ended September 30, 2019.

Revenue in the third quarter of 2019 was $142.8M contrast to $147.7M in the previous year quarter. On a constant currency basis, third quarter revenue was lower by 1.5% year-over-year.

Gross margin in the third quarter was 29.8% contrast to 29.6% in the previous year quarter. Adjusted gross margin in the third quarter was 29.9% contrast to 29.7% in the previous year quarter.

Operating expenses in the third quarter were $29.7M, or 20.8% of revenue, contrast to $29.7M, or 20.1% of revenue in the previous year quarter. Not Including legal settlements and loss contingencies, operating expenses reduced to 19.5% of revenue, contrast to 20.3% in the previous year quarter.

Operating income in the third quarter was $12.9M contrast to $14.0M in the previous year quarter.

Adjusted EBITDA, which excludes expenses for share-based compensation, legal settlements and loss contingencies and for non-recurring items, was $22.5M in the third quarter, representing a margin of 15.8%. This compares to adjusted EBITDA of $21.6M, representing a margin of 14.6%, in the previous year quarter.

Finance expenses in the third quarter were $4.1M contrast to finance expenses of $1.6M in the previous year quarter.

Net income attributable to controlling interest for the third quarter was $7.1M, contrast to net income of $10.5M in the previous year quarter. Diluted net income per share for the third quarter was $0.21, contrast to diluted net income per share of $0.31 in the previous year quarter. Adjusted diluted net income per share for the third quarter was $0.29 on 34.6M shares, contrast to $0.31 on 34.5M shares in the previous year quarter.

Balance Sheet

The Company’s balance sheet as of September 30, 2019 remained strong, including cash, cash equivalents and short-term bank deposits of $116.8M with no financial debts to banks.

Outlook

For the full year 2019, the Company now expects to be at the low end of its before reported outlook for revenue in the range of $550M to $565M, and adjusted EBITDA in the range of $72M to $80M.

Clint Lewis

Clint Lewis –Business I am Clint Lewis I have finished my four-year college education in English writing and I hold a master’s degree in Business from Stanford University. Writing about business and finance is in great interest. I have great command overwriting due to my five-year experience which incorporates articles, web substances, and web journals. I generally love to play with work, in both my profession and education.  I additionally had teaching experience of 2 years at the eminent college to show business and specialized composition and presently, I am working as an educator and preparing writer and creator. I am unimaginably social, and I love to travel and investigate the world.

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