Insteel Industries (IIIN) Lags Q3 Earnings and Revenue Estimates

Insteel Industries (IIIN) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of$0.38 per share. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items. Insteel Industries shares have lost about 15.8% since the beginning of the year versus the S&P 500's gain of 17.2%. Ahead of this earnings release, the estimate revisions trend for Insteel Industries: unfavorable. While the magnitude and direction of estimate revisio ...