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Commercial Metals Falls 8% on Low Volume

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June 15, 2009 |Comments: 0
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CMC

Commercial Metals Co. (CMC) has slipped more than 8% on low volume of 933,000 shares, against the average of 1.5 million.

The Zacks #4 Rank ("Sell") company lost 11 cents per share in its fiscal second quarter, while the consensus called for a profit of 4 cents. Commercial Metals missed analysts' expectations 3 times in the past 4 quarters and topped once.

Analysts see earnings for the fiscal year ending August 2009 at 25 cents per share.

Read the full analyst report on CMC

 
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