Insteel Industries (IIIN) Surpasses Q1 Earnings and Revenue Estimates

Insteel Industries (IIIN) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of a loss of$ 0.03 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 433.33%. A quarter ago, it was expected that this maker of steel wire reinforcing for the concrete and construction industry would post earnings of$ 0.24 per share when it actually produced earnings of ...