Insteel Industries Inc. (NASDAQ:IIIN) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share increased 280% to $0.19 in the quarter versus EPS of $0.05 in the year-earlier quarter. Revenue Rose 3.63% to $97 million from the year-earlier quarter.
Insteel Industries Inc. reported adjusted EPS income of $0.19 per share. By that measure, the company missed the mean analyst estimate of $0.27. It beat the average revenue estimate of $95.1 million.