Investing.com - Insteel Industries (NYSE:IIIN) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Insteel Industries announced earnings per share of $1.24 on revenue of $207.99. Analysts polled by Investing.com anticipated EPS of $1.82 on revenue of $231.68M.
Insteel Industries shares are down 23% from the beginning of the year, still down 41.84% from its 52 week high of $47.70 set on May 4.
Insteel Industries follows other major Industrials sector earnings this month
Insteel Industries's report follows an earnings missed by Lockheed Martin on July 19, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $1.88 on revenue of $15.98B.
ABB ADR had missed expectations on Thursday with third quarter EPS of $0.19 on revenue of $7.41B, compared to forecast for EPS of $0.38 on revenue of $7.39B.
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