Investing.com - Commercial Metals reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Commercial Metals announced earnings per share of $2.45 on revenue of $1.99. Analysts polled by Investing.com EPS of $2.29 on revenue of $2.39B.
Commercial Metals 's are up 9.18% and is trading at $39.62 , still down 15.12% from its 52 week high of $46.68 set on Thursday, April 21, 2022.
Commercial Metals follows other major Materials sector earnings this month
Commercial Metals's report follows an earnings beat by PPG Industries on Thursday, July 21, 2022, who reported EPS of $1.81 on revenue of $4.69B, EPS of $1.73 on revenue of $4.67B.
RPM had beat expectations on Wednesday, October 5, 2022 with first quarter EPS of $1.47 on revenue of $1.93B, for EPS of $1.33 on revenue of $1.89B.
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