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 anticipated EPS of $2.29 on revenue of $2.39B.
Commercial Metals shares are up 9.18% from the beginning of the year and are trading at $39.62 , down-from-52-week-high.
Commercial Metals follows other major Materials sector earnings this month
Commercial Metals's report follows an earnings beat by PPG Industries on July 21, who reported EPS of $1.81 on revenue of $4.69B, compared to forecasts EPS of $1.73 on revenue of $4.67B.
RPM had beat expectations on October 5 with first quarter EPS of $1.47 on revenue of $1.93B, compared to forecast for EPS of $1.33 on revenue of $1.89B.
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