Insteel Indus Q1 EPS $0.06 Beats $0.05 Estimate, Sales $121.72M Miss $129.68M Estimate

Insteel Indus (NYSE:IIIN) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.05 by 20 percent. This is a 89.47 percent decrease over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $121.72 million which missed the analyst consensus estimate of $129.68 million by 6.13 percent. This is a 27.07 percent decrease over sales of $166.90 million the same period last year.