Insteel Industries Q4 Profit Plunges
(RTTNews) - Insteel Industries Inc. (IIIN) announced Thursday that net income for the fourth quarter plunged to $5.6 million or $0.29 per share from $24.3 million or $1.24 per share in the prior-year quarter.
Net sales for the quarter decreased 24.3 percent to $157.5 million from $208.0 million in the same quarter last year.
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Insteel Industries Q3 Net Profit Declines
Insteel Industries Inc. (IIIN) announced Thursday that net income for the third quarter declined to $6.57 million or $0.34 per share from $10.57 million or $0.54 per share in the prior-year quarter.
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103 days ago
Australian Market Modestly Lower
Australian shares are trading modestly lower on Wednesday, giving up some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 8,200 level, following the mixed cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in iron ore miners.
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4h 6min ago
Rally May Stall For Hong Kong Stock Market
The Hong Kong stock market has moved higher in three straight sessions, gathering more than 200 points or 0.9 percent along the way. The Hang Seng Index now sits just above the 20,700-point plateau although it may be stuck in neutral on Wednesday.
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4h 17min ago
China Stock Market May Reverse Tuesday's Losses
The China stock market on Tuesday snapped the two-day winning streak in which it had climbed more than 40 points or 1.2 percent. The Shanghai Composite now sits just above the 3,285-point plateau although it may bounce higher again on Wednesday.
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4h 32min ago
Australia Inflation Adds 0.2% On Quarter In Q3
Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
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4h 51min ago
Tech Shares May Lift Taiwan Stock Market
The Taiwan stock market has moved lower in back-to-back sessions, stumbling almost 425 points or 2 percent along the way. The Taiwan Stock Exchange now rests just above the 22,925-point plateau although it's due for support on Wednesday.
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5h 2min ago
Singapore Bourse May Be Stuck In Neutral On Wednesday
The Singapore stock market on Tuesday snapped the two-day losing streak in which it had slipped more than 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,590-point plateau although it may spin its wheels on Wednesday.
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5h 32min ago
Little Movement Expected For Malaysia Stock Market
The Malaysia stock market on Tuesday wrote a finish to the six-day losing streak in which it had stumbled more than 35 points or 2.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,615-point plateau and it's likely to hold steady in that neighborhood again on Wednesday.
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6h 2min ago
