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Commercial Metals: Fiscal Q1 Earnings Snapshot

IRVING, Texas (AP) — IRVING, Texas (AP) — Commercial Metals Co. (CMC) on Thursday reported fiscal first-quarter profit of $177.3 million.

On a per-share basis, the Irving, Texas-based company said it had profit of $1.58. Earnings, adjusted for one-time gains and costs, came to $1.84 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.

The manufacturer and recycler of steel and metal products posted revenue of $2.12 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMC at https://www.zacks.com/ap/CMC

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Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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