Commercial Metals (NYSE:CMC) reported quarterly earnings of $2.45 per share which beat the analyst consensus estimate of $2.23 by 9.87 percent. This is a 94.44 percent increase over earnings of $1.26 per share from the same period last year. The company reported quarterly sales of $2.41 billion which beat the analyst consensus estimate of $2.38 billion by 1.13 percent. This is a 18.51 percent increase over sales of $2.03 billion the same period last year.
Maxim Group Downgrades Reed’s to Hold
Maxim Group analyst Anthony Vendetti downgrades Reed's (NASDAQ:REED) from Buy to Hold.
