Why Commercial Metals Shares Are Gaining Today
Portfolio Pulse from Lekha Gupta
Commercial Metals Co (NYSE:CMC) reported Q3 FY23 sales of $2.34 billion, beating the consensus of $2.24 billion. Adjusted EPS of $2.02 also beat the consensus of $1.76. The company declared a quarterly dividend of $0.16 per share. CMC shares are trading higher by 5.30% at $50.15.
June 22, 2023 | 2:48 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Commercial Metals Co reported better-than-expected Q3 FY23 sales and EPS, and declared a quarterly dividend. Shares are up 5.30%.
Commercial Metals Co reported Q3 FY23 sales and EPS that beat consensus estimates, which is a positive signal for investors. The company also declared a quarterly dividend, further boosting investor sentiment. As a result, the stock price is up 5.30%, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100