Commercial Metals Q3 2024 Adj. EPS $1.02, Inline, Sales $2.078B Beat $2.034B Estimate
Portfolio Pulse from Benzinga Newsdesk
Commercial Metals (NYSE:CMC) reported Q3 2024 adjusted EPS of $1.02, meeting analyst expectations. The company also reported sales of $2.078 billion, beating the $2.034 billion estimate but reflecting an 11.39% decrease from the same period last year.
June 20, 2024 | 10:53 am
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Commercial Metals reported Q3 2024 EPS of $1.02, in line with expectations, and sales of $2.078 billion, beating estimates but down 11.39% YoY.
The earnings per share met expectations, which is neutral for the stock price. The sales beat estimates, which is positive, but the YoY decline in sales is a negative factor. Overall, the mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100