Commercial Metals (CMC) Q1 Earnings Meet Estimates

Commercial Metals (CMC) came out with quarterly earnings of $0.78 per share, in line with the Zacks Consensus Estimate. This compares to earnings of$1.63 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this manufacturer and recycler of steel and metal products would post earnings of $0.91 per share when it actually produced earnings of$0.90, delivering a surprise of -1.10%.Over the last four quarters, the company has surpassed consensus EPS esti ...