Commercial Metals Company Q1 adjusted earnings Miss Estimates

(RTTNews) - Commercial Metals Company (CMC) announced earnings for first quarter that fell from the same period last year.

The company's profit totaled $19.74 million, or $0.17 per share. This compares with $36.81 million, or $0.31 per share, in last year's first quarter.

Excluding items, Commercial Metals Company reported adjusted earnings of $41.52 million or $0.35 per share for the period.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.5% to $1.28 billion from $1.08 billion last year.

Commercial Metals Company earnings at a glance:

-Earnings (Q1): $41.52 Mln. vs. $36.18 Mln. last year. -EPS (Q1): $0.35 vs. $0.31 last year. -Analysts Estimate: $0.36 -Revenue (Q1): $1.28 Bln vs. $1.08 Bln last year.