IRVING, Texas (AP) — IRVING, Texas (AP) — Commercial Metals Co. (CMC) on Monday reported a loss of $175.7 million in its fiscal first quarter.
On a per-share basis, the Irving, Texas-based company said it had a loss of $1.54. Earnings, adjusted for one-time gains and costs, came to 78 cents per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 78 cents per share.
The manufacturer and recycler of steel and metal products posted revenue of $1.91 billion in the period.
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