Commercial Metals Shares Fall 2% After Earnings Miss Despite Strong Revenue Growth

Commercial Metals Company (NYSE: CMC) reported fiscal second-quarter 2026 results that missed earnings expectations, despite exceeding revenue forecasts. Shares declined more than 2% intra-day Thursday following the release. The company reported adjusted earnings of $1.16 per diluted share for the quarter ended February 28, below the consensus estimate of $1.30. Revenue reached $2.13 billion, surpassing the $2.09 billion estimate and increasing 21.5% year over year from $1.75 billion. The company credited i ...