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DAILY EARNINGS

Commercial Metals Net Surges, UniFirst Net Soars 21%


Author: Mukesh Buch
ticker.com
Last Update: 11:23 AM EST January 03 2018

11:45 PM New York Commercial Metals first-quarter net surged to $37 million and revenues soared 20% to $1.2 billion. UniFirst first-quarter net soared 21% to $34.2 million and revenues jumped 7.7% to $415.8 million.

Tollbooth Index advanced 88.65 or 0.6% to 13,999.02.

Earnings Review

Commercial Metals Company (CMC), the steel and metal products recycler said revenues in the first-quarter ending in November soared 20% from a year ago to $1.2 billion.

Net income in the quarter surged to $36.8 million or 31 cents per diluted share from $6.3 million or 5 cents in the same quarter last year.

UniFirst Corp (UNF), the workplace uniforms provider reported revenues in the first-quarter ending on November 25 jumped 7.7% from a year ago to $415.8 million.

Net income in the quarter soared 21.3% to $34.2 million or $1.67 per diluted share from $28.2 million or $1.38 in the same quarter last year.

The work wear provider forecasted fiscal 2018 revenues between $1.63 billion and $1.65 billion and diluted earnings per share in the range of $5.10 to $5.30.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc