Commercial Metals Company (NYSE:CMC) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Commercial Metals Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 33.33% to $0.16 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Decreased 10.6% to $1.79 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Commercial Metals Company reported adjusted EPS income of $0.16 per share. By that measure, the company missed the mean analyst estimate of $0.18. It missed the average revenue estimate of $1.93 billion.
Quoting Management: There were no comments from management.
Key Stats (on next page)…