Commercial Metals Misses Fiscal Q1 Street View Earnings and Revenues

Commercial Metals Misses Fiscal Q1 Street View Earnings and Revenues

Commercial Metals Monday reported fiscal Q1 earnings and revenus below Street View, citing margin compression and other unrelated costs, The seller of steel, copper and other metals said earnings from continuing operations in the quarter ended Nov. 30 was $0.06 per share, below the $0.16 Street View as compiled by Capital IQ, and also below the $0.22 reported a year earlier. Commercial Metals reported Q1 revenues of $1.08 billion, below […]

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Comstock Resources Enters Joint Development Agreement

Comstock Resources Enters Joint Development Agreement

Comstock Resources, an energy exploration and production company, said Monday it has entered into a joint development venture with USG Properties that will target Haynesville shale in Louisiana and Texas. The agreement relates to acreage recently been acquired by USG. Comstock will operate the wells and will manage the drilling program in exchange for a 12.5% working interest in the acreage. Under the terms of the arrangement Comstock can acquire […]

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