Commercial Metals Co rises on Q1 results beat

Commercial Metals

08/01/2024 15:35

** Steelmaker Commercial Metals Co's  CMC.N  shares rise 7%
to $51.61
    ** Company reports Q1 revenue of $2.00 bln vs LSEG est $1.89
bln on continued healthy demand in North America
    ** Posts Q1 adj earnings of $1.63/shr vs est $1.45/shr​​
    ** 3 brokerages rate the stock "buy" or higher and 4 "hold";
median PT $55 - LSEG
    ** In 2023, stock had risen 3.6%

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))