Investing.com - Insteel Industries 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 and are trading at $27.74 , down-from-52-week-high.
Insteel Industries follows other major Industrials sector earnings this month
Insteel Industries's report follows an earnings missed by Lockheed Martin on Tuesday, July 19, 2022, 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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