Commercial Metals Company Q2 adjusted earnings Beat Estimates

(RTTNews) - Commercial Metals Company (CMC) revealed earnings for its second quarter that advanced from the same period last year.

The company's earnings came in at $14.92 million, or $0.13 per share. This compares with $9.78 million, or $0.08 per share, in last year's second quarter.

Excluding items, Commercial Metals Company reported adjusted earnings of $34.95 million or $0.29 per share for the period.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 33.3% to $1.40 billion from $1.05 billion last year.

Commercial Metals Company earnings at a glance:

-Earnings (Q2): $34.95 Mln. vs. $31.02 Mln. last year. -EPS (Q2): $0.29 vs. $0.26 last year. -Analysts Estimate: $0.26 -Revenue (Q2): $1.40 Bln vs. $1.05 Bln last year.