Commercial Metals Company Q1 Earnings Decline 22%

(RTTNews) - Commercial Metals Company (CMC) announced a profit for first quarter that dropped from last year.

The company said its bottom line dropped to $25.06 million, or $0.21 per share. This was lower than $32.18 million, or $0.27 per share, in last year's first quarter.

The company said revenue for the quarter fell 31.5% to $1.15 billion. This was down from $1.68 billion last year.

Commercial Metals Company earnings at a glance:

-Earnings (Q1): $25.06 Mln. vs. $32.18 Mln. last year. -Earnings Decline (Y-o-Y): -22.1% -EPS (Q1): $0.21 vs. $0.27 last year. -EPS Decline (Y-o-Y): -22.2% -Revenue (Q1): $1.15 Bln vs. $1.68 Bln last year. -Revenue Change (Y-o-Y): -31.5%