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Commercial Metals (CMC +3.6%) climbs higher even after FQ3 missed expectations. CMC says a...

Commercial Metals (CMC +3.6%) climbs higher even after FQ3 missed expectations. CMC says a modest improvement in rebar shipments was more than offset by weaker shipment levels of merchant and light structural products, resulting in lower profitability at its Americas Mills business. Operationally, CMC anticipates FQ4 results similar to FQ3; consensus estimates are $0.25 EPS and $1.93B in revenues.

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