Insteel Industries (IIIN) Q4 Earnings Meet Estimates

Insteel Industries (IIIN) came out with quarterly earnings of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to earnings of$0.29 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this maker of steel wire reinforcing for the concrete and construction industry would post earnings of $0.38 per share when it actually produced earnings of$0.34, delivering a surprise of -10.53%. Over the last four quarters, the company has su ...