India, June 23 -- Commercial Metals Company (CMC) revealed a profit for third quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $83.12 million, or $0.73 per share. This compares with $119.44 million, or $1.02 per share, last year.
Analysts on average had expected the company to earn $0.85 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.8% to $2.019 billion from $2.078 billion last year.
Commercial Metals Company earnings at a glance (GAAP) :
-Earnings: $83.12 Mln. vs. $119.44 Mln. last year.-EPS: $0.73 vs. $1.02 last year.-Revenue: $2.019 Bln vs. $2.078 Bln last year.
For comments and feedback contact: editorial@rttnews.c...