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Showing posts with label CMC. Show all posts
Showing posts with label CMC. Show all posts

Monday, January 7, 2019

-=Commercial Metals Co. (CMC) reported earnings on Mon 7 January 19 (b/o)




IRVING, Texas (AP) _ Commercial Metals Co. (CMC) on Monday reported fiscal first-quarter earnings of $19.7 million.
The Irving, Texas-based company said it had net income of 17 cents per share. Earnings, adjusted for one-time gains and costs, were 35 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The manufacturer and recycler of steel and metal products posted revenue of $1.28 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.27 billion.
Commercial Metals shares have increased 6.5 percent since the beginning of the year. The stock has fallen 31 percent in the last 12 months.

Earnings this week : Jan 7 - 11, 19 (wk 2)

Note we will probably see a large number of companies preannouncing fourth quarter results next week.

Monday (Jan 7) 
Today is the start of the 4th quarter "guidance season" and we've had 39 companies provide guidance this morning.  22 of them were positive while 11 were negative.  Only January 2010, 2016, and 2018 (the 4th quarters of 2009, 2015, and 2017) had stronger starts.
  • Morning: CMC
  • Afternoon: None

Tuesday (Jan 8)
  • Morning: AZZ HELE LNN
  • Afternoon: KSHB SGH 

Wednesday (Jan 9)

Thursday (Jan 10)
  • Morning: None
  • Afternoon: SNX

Friday (Jan 11)