Insteel Indus Q3 EPS $0.34 Misses $0.46 Estimate, Sales $145.78M Miss $153.04M Estimate

Insteel Indus (NYSE:IIIN) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.43 by 20.93 percent. This is a 37.04 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $145.78 million which missed the analyst consensus estimate of $153.04 million by 4.75 percent. This is a 12.03 percent decrease over sales of $165.71 million the same period last year.