Commercial Metals (CMC) Earnings Beat Estimates in Q2, Dip Y/Y
CMC(CMC) Zacks Investment Research·2024-03-22 18:06Commercial Metals Company (CMC) reported adjusted earnings per share (EPS) of 88 cents in second-quarter fiscal 2024 (ended Feb 29, 2024), beating the Zacks Consensus Estimate of 70 cents. The bottom line declined 39% year over year.Including one-time items, the company reported EPS of 73 cents in the fiscal second quarter compared with the year-ago quarter’s record $1.51.Net sales in the reported quarter were $1.85 billion compared with the year-ago quarter’s $2.02 billion. The reported figure surpassed th ...