Commercial Metals: Fiscal Q1 Earnings Snapshot

IRVING, Texas (AP) — IRVING, Texas (AP) — Commercial Metals Co. (CMC) on Monday reported fiscal first-quarter earnings of $176.3 million.

The Irving, Texas-based company said it had net income of $1.49 per share. Earnings, adjusted for one-time gains and costs, were $1.63 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The manufacturer and recycler of steel and metal products posted revenue of $2 billion in the period.

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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