Caesarstone Soars to Record as Outlook Beats Estimates
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Caesarstone Sdot-Yam Ltd., the Israeli producer of quartz-based countertops, climbed to a record high after posting better-than-expected fourth-quarter sales and forecasting 2013 revenue that surpasses estimates.
Caesarstone jumped 9.1 percent to $20.71 in New York, the highest since the company’s shares began trading on March 22. The rally led gains in the Bloomberg Israel-US Equity Index of the biggest Israeli companies traded in the U.S. The gauge rose