Commercial Metals Q3 Adj. EPS $2.02 Beats $1.76 Estimate, Sales $2.34B Beat $2.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
Commercial Metals (NYSE:CMC) reported Q3 adjusted earnings of $2.02 per share, beating the $1.76 estimate, and sales of $2.34B, beating the $2.24B estimate. However, this represents a decrease in earnings and sales compared to the same period last year.
June 22, 2023 | 10:49 am
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Commercial Metals reported better-than-expected Q3 earnings and sales, but both decreased compared to the same period last year.
Commercial Metals beat analyst estimates for Q3 earnings and sales, which could have a positive impact on the stock price. However, the decrease in earnings and sales compared to the same period last year may offset the positive sentiment, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100