Commercial Metals: Q3 Earnings Insights - Commercial Metals (NYSE:CMC)

Commercial Metals CMC reported its Q3 earnings results on Thursday, June 22, 2023 at 06:45 AM.

Here's what investors need to know about the announcement.

Commercial Metals beat estimated earnings by 14.77%, reporting an EPS of $2.02 versus an estimate of $1.76.

Revenue was down $171.00 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 1.37% increase in the share price the next day.

Here's a look at Commercial Metals's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	1.44	1.96	2.23	1.98
EPS Actual	1.44	2.24	2.45	2.61
Revenue Estimate	1.97B	2.20B	2.38B	2.41B
Revenue Actual	2.02B	2.23B	2.41B	2.52B

To track all earnings releases for Commercial Metals visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.