UPDATE: Commercial Metals Posts Increase In Q2 Earnings

Commercial Metals Co CMC reported a gain in its fiscal second-quarter earnings. Commercial Metals posted its quarterly profit of $11.1 million, or $0.09 per share, versus a year-ago profit of $4.6 million, or $0.04 per share. Its revenue fell 2.3% to $1.65 billion. However, analysts were projecting a profit of $0.10 per share on revenue of $1.7 billion. Commercial Metals shares gained 2.59% to $19.43 in pre-market trading.