Commercial Metals Company Q4 Income Drops 92%

(RTTNews) - Commercial Metals Company (CMC) released earnings for fourth quarter that dropped compared to the same period last year.

The company said its bottom line declined to $0.95 million, or $0.01 per share. This was lower than $12.24 million, or $0.11 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 14.2% to $1.21 billion. This was down from $1.41 billion last year.

Commercial Metals Company earnings at a glance:

-Earnings (Q4): $0.95 Mln. vs. $12.24 Mln. last year. -Earnings Decline (Y-o-Y): -92.2% -EPS (Q4): $0.01 vs. $0.11 last year. -EPS Decline (Y-o-Y): -90.9% -Revenue (Q4): $1.21 Bln vs. $1.41 Bln last year. -Revenue Change (Y-o-Y): -14.2%