Commercial Metals (CMC) Misses Q2 Earnings and Revenue Estimates

Commercial Metals (CMC) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.13%. A quarter ago, it was expected that this manufacturer and recycler of steel and metal products would post earnings of $0.78 per share when it actually produced earnings of $0.78, delivering no surprise.Ov ...