Benzinga | Jan 21, 2021 06:06AM EST

Insteel Industries Q1 EPS $0.42 Beats $0.29 Estimate, Sales $119.61M Beat $102.78M Estimate

Insteel Industries (NASDAQ:IIIN) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.29 by 44.83 percent. This is a 1300 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $119.61 million which beat the analyst consensus estimate of $102.78 million by 16.37 percent. This is a 22.59 percent increase over sales of $97.57 million the same period last year.