Commercial Metals Falls 8% on Low Volume – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/21084/Commercial+Metals+Falls+8%25+on+Low+Volume+-+Zacks+Tale+of+the+TapePosted on Monday, June 15th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
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.
“CMC” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
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