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Investing.com - Insteel Industries reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Insteel Industries announced earnings per share of $1.24 on revenue of $207.99. Analysts polled by Investing.com EPS of $1.82 on revenue of $231.68M.
Insteel Industries 's are down 23% and is trading at $27.74 , still down 41.84% from its 52 week high of $47.70 set on Wednesday, May 4, 2022.
Insteel Industries follows other major Industrials sector earnings this month
Insteel Industries's report follows an earnings missed by Lockheed Martin on Tuesday, July 19, 2022, who reported EPS of $1.16 on revenue of $15.45B, EPS of $1.88 on revenue of $15.98B.
ABB ADR had missed expectations on Thursday with third quarter EPS of $0.19 on revenue of $7.41B, for EPS of $0.38 on revenue of $7.39B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar