India, June 23 -- Shares of Commercial Metals Co. (CMC) were losing around 8 percent in the pre-market activity on the NYSE, after the firm on Monday reported weak third-quarter results below market estimates.
Looking ahead, Peter Matt, President and Chief Executive Officer, said, "We expect consolidated financial results in the fourth quarter of fiscal 2025 to improve compared to the third quarter. Finished steel shipments within the North America Steel Group are anticipated to follow normal seasonal trends, while our adjusted EBITDA margin is expected to increase sequentially on higher steel product margins over scrap. Based on project backlogs, we expect financial results for the Emerging Businesses Group will improve on both a sequenti...