IRVING, Texas (AP) — IRVING, Texas (AP) — Commercial Metals Co. (CMC) on Thursday reported fiscal first-quarter profit of $177.3 million.
On a per-share basis, the Irving, Texas-based company said it had profit of $1.58. Earnings, adjusted for one-time gains and costs, came to $1.84 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The manufacturer and recycler of steel and metal products posted revenue of $2.12 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMC at https://www.zacks.com/ap/CMC
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