Insteel Indus Q2 EPS $0.27 Misses $0.80 Estimate, Sales $172.653M Miss $178.232M Estimate

Insteel Indus (NYSE:IIIN) reported quarterly earnings of $0.27 per share which missed the analyst consensus estimate of $0.80 by 66.25 percent. This is a 50.91 percent decrease over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $172.653 million which missed the analyst consensus estimate of $178.232 million by 3.13 percent. This is a 7.47 percent increase over sales of $160.656 million the same period last year.