Commercial Metals Trading Over 6% Higher on Earnings Beat

Commercial Metals CMC is trading over 6% on the session after reporting higher than expected earnings. The company reported EPS of $0.31 vs. $0.20 estimate and revenues $2.1B vs. $2.07B estimate. Commercial Metals Company recycles, manufactures, fabricates and distributes steel and metal products and related materials and services through a network of locations throughout the United States and internationally.