Commercial Metals Gains As Profit Rises And Fourth-Quarter EBITDA Outlook Improves - Commercial Metals (N

Commercial Metals Co.

(NYSE:CMC) stock climbed on Thursday after reporting fiscal third-quarter results, with sales, profit, and core EBITDA rising sharply from a year earlier.

Adjusted EPS of $1.73 missed the $1.77 analyst estimate, while sales of $2.483 billion beat the $2.411 billion estimate.

Profit Rises As Margins Expand Net earnings were $173 million, or $1.55 per diluted share, up from $83.1 million, or 73 cents per diluted share, a year earlier.

Adjusted earnings were $193.0 million, or $1.73 per diluted share, up from 70 cents a year earlier.