By Stephen Nakrosis
Shares of Caesarstone touched a 52-week low Wednesday, after the maker of engineered surfaces reported fourth-quarter financial results which showed a decline in revenue from the year-ago period, but a narrowing of its loss per share.
In Wednesday afternoon trading, the company's shares were down 5,1%, trading at $3.47. Earlier in the session, shares touched a 52-week low of $3.40.
Before the bell Wednesday, the company reported a fourth-quarter loss per share of 60 cents on revenue of $97.9 million. In the year-ago period, Caesarstone reported a loss per share of $1.47 on revenue of $128.5 million.
On an adjusted basis, the company reported a fourth-quarter loss per share of 35 cents.
The company also said its revenue in 2024 was $443.2 million, compared to $565.2 million in 2023.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 05, 2025 13:31 ET (18:31 GMT)
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