Commercial Metals Q2 Earnings Update: Non-GAAP EPS Beats Estimates, Revenue Misses

Thursday, 21 March 2024, 10:46

Commercial Metals (CMC) has announced its Q2 results, with Non-GAAP EPS exceeding expectations by $0.12 at $0.88. However, revenue fell slightly short, missing by $10M compared to estimates and standing at $1.8B, reflecting a decrease of 10.9% year-over-year. Despite the revenue miss, the company showcased strong performance with higher-than-expected earnings.
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Commercial Metals Q2 Earnings Update: Non-GAAP EPS Beats Estimates, Revenue Misses

Commercial Metals Q2 Earnings Update

Commercial Metals (CMC) has announced its Q2 results, with Non-GAAP EPS beating estimates by $0.12 while revenue missed by $10M, standing at $1.8B.

  • Non-GAAP EPS: $0.88 (12)
  • Revenue: $1.8B (decrease of 10.9% Y/Y)

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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