Commercial Metals Co (CMC) reported fourth quarter net earnings of $7.18 million or $0.06 per share, compared to $63.54 million or $0.55 per share last year.
Net earnings from continuing operations was $8.62 million or $0.07 per share, compared to $64.67 million or $0.56 per share in the prior year quarter.
On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.01 per share. Analysts' estimates typically exclude special items.
Net sales declined to $1.46 billion from $3.15 billion in the same quarter last year. Five analysts estimated revenues of $1.46 billion.
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