IRVING, Texas (AP) — IRVING, Texas (AP) — Commercial Metals Co. (CMC) on Thursday reported fiscal fourth-quarter net income of $151.8 million.
The Irving, Texas-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs, were $1.37 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The manufacturer and recycler of steel and metal products posted revenue of $2.11 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $2.07 billion.
For the year, the company reported profit of $84.7 million, or 74 cents per share. Revenue was reported as $7.8 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMC at https://www.zacks.com/ap/CMC
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