Commercial Metals (CMC) Q3 Earnings Beat, Sales Dip Y/Y
CMCCMC(CMC) ZACKS·2024-06-21 23:10

Commercial Metals Company (CMC) reported adjusted earnings per share (EPS) of 1.02inthird−quarterfiscal2024(endedMay31,2024),beatingtheZacksConsensusEstimateof1.02 in third-quarter fiscal 2024 (ended May 31, 2024), beating the Zacks Consensus Estimate of 1.00. However, the bottom line fell 48.5% year over year. Net sales in the reported quarter came in at 2.08billioncomparedwiththeyear−agoquarter’s2.08 billion compared with the year-ago quarter’s 2.34 billion. The reported figure surpassed the Zacks Consensus Estimate of 2billion.Thecostofgoodssoldinthequarterfell6.72 billion. The cost of goods sold in the quarter fell 6.7% year over year to 1.74 billion. The gross pr ...