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Caesarstone Earnings: Spiking Costs Send Profits Lower

TheMotleyFool

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Caesarstone Earnings: Spiking Costs Send Profits Lower

Quartz surface specialist Caesarstone (NASDAQ: CSTE) posted earnings results this week that paired record sales with a sharp drop in profitability. The trends put the company on track to meet its revenue target for the year while falling just below earnings expectations.

More on that profit shortfall in a moment. First, here's how the headline results stacked up against the prior-year period:

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Source: Fool.com