Commercial Metals Q4 Profit Tops Estimates - Quick Facts

(RTTNews) - Commercial Metals Company (CMC) reported fourth quarter adjusted earnings per share from continuing operations of $0.79, compared to $0.76, last year. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.60, for the quarter. Analysts' estimates typically exclude special items.

Fourth quarter net sales declined year-on-year to $1.41 billion from $1.54 billion. Analysts expected revenue of $1.37 billion, for the quarter.

On October 14, 2020, the board of directors declared a quarterly dividend of $0.12 per share of CMC common stock payable to stockholders of record on October 29, 2020. The dividend will be paid on November 13, 2020.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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