Insteel Indus Q1 EPS $0.39 Beats $0.32 Estimate, Sales $159.900M Miss $161.970M Estimate

Insteel Indus (NYSE:IIIN) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.32 by 21.88 percent. This is a 290 percent increase over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $159.900 million which missed the analyst consensus estimate of $161.970 million by 1.28 percent. This is a 23.27 percent increase over sales of $129.720 million the same period last year.