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Caesarstone jumps on Q2 earnings beat

  • Caesarstone (CSTE +12.6%) trades higher after its Q2 top and bottom lines easily topped consensus views on 17.7% revenue growth Y/Y.
  • The company reiterates its prior guidance for 2013 revenue in the range of $330M to $340M, bracketing Street expectations for $335.25M.
  • The Israeli-based quartz-surface maker has seen its shares more than double this year as the company has logged solid growth through deals such as May's agreement to being IKEA's exclusive non-laminate countertop vendor in the US.
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