Commercial Metals: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Commercial Metals (NYSE:CMC) reported Q3 earnings with an EPS of $2.02, beating estimates by 14.77%. However, revenue was down $171 million from the same period last year.
June 22, 2023 | 11:00 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Commercial Metals' Q3 earnings beat estimates with an EPS of $2.02, outperforming by 14.77%. Revenue declined by $171 million YoY.
Commercial Metals' Q3 earnings beat estimates, which is a positive signal for investors and could lead to a short-term increase in stock price. However, the decline in revenue may offset some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100