Commercial Metals (CMC) Misses Q4 Earnings and Revenue Estimates

Commercial Metals (CMC) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.10%. A quarter ago, it was expected that this manufacturer and recycler of steel and metal products would post earnings of $1 per share when it actually produced earnings of $1.02, delivering a surprise of 2%. ...