Insteel Industries (IIIN) Tops Q2 Earnings and Revenue Estimates

Insteel Industries (IIIN) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of$ 0.33 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this maker of steel wire reinforcing for the concrete and construction industry would post a loss of$ 0.03 per share when it actually produced earnings of $0.10, deliv ...