Commercial Metals (CMC) Posts Q2 Profit On Higher Volumes, Prices
Commercial Metals Co. (NYSE:CMC) swung to a quarterly profit, spurred by higher volumes and selling prices at most of its operations. Earnings and sales for the second quarter also beat Wall Street projections. Going into the third quarter, the Irving, Texas-based company said it is "encouraged by the strong backlogs" for its domestic operations and it is "optimistic" about their performance if scrap prices remain stable. [More...]
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