Macquarie Downgrades Commercial Metals Company (CMC) to Neutral
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Commercial Metals Company Reports Fourth Quarter And Full Year Earnings
October 27, 2016 6:45 AM EDTIRVING, Texas, Oct. 27, 2016 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal fourth quarter and year ended August 31, 2016. For the fiscal year ended August 31, 2016, earnings from continuing operations were $72.5 million, or $0.62 per diluted share, on net sales of $4.6 billion. This compares to earnings from continuing operations of $99.1 million, or $0.84 per diluted share, on net sales of $6.0 billion for the fiscal year ended August 31, 2015. For the three months ended August 31, 2016, earnings from continuing operations were $1.0 million, or $0.01 per diluted share, on net sales of $1.2 billion compared to $12.2... More
