Commercial Metals (NYSE: CMC) reported Q3 EPS of $0.34, $0.06 better than the analyst estimate of $0.28. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.36 billion.

• Results for the third quarter of fiscal 2016 included a non-cash impairment charge on businesses held for sale in discontinued operations of $15.8 million ($0.13 per diluted share).

Outlook

"We anticipate stability in the key macro economic drivers that impact our business for the remainder of our fiscal 2017, including continued strong demand in both the US and Polish markets and also historically low steel margins in the U.S.," said Barbara Smith, President and Chief Operating Officer. "We continue to be optimistic that the ongoing trade actions taken in both the U.S. and Poland, once finalized, will provide some relief from the flood of unfairly priced rebar imports that have impacted our markets."

For earnings history and earnings-related data on Commercial Metals (CMC) click here.