Commercial Metals Company (CMC) saw its shares tumble 5.51% in pre-market trading on Monday following the release of its fiscal third-quarter earnings report that fell short of analysts' expectations. The steel and metal manufacturer reported weaker-than-anticipated financial results, sparking concerns among investors about the company's near-term performance.

For the quarter ended May 31, Commercial Metals reported adjusted earnings of $0.74 per diluted share, significantly below the $0.85 per share that analysts polled by FactSet had projected. This represents a substantial decline from the $1.02 per share earned in the same period last year. The company's net sales for the quarter also disappointed, coming in at $2.02 billion, slightly under the $2.05 billion analysts had forecast and down from $2.08 billion in the prior-year quarter.

Despite the underwhelming results, Commercial Metals' management provided a somewhat optimistic outlook for the coming quarter. CEO Peter Matt stated that the company expects consolidated financial results in the fourth quarter of fiscal 2025 to improve compared to the third quarter. The company anticipates higher steel product margins over scrap in Q4 and projects that its Europe Steel Group will receive a $28 million CO2 credit. Additionally, the Emerging Businesses Group's financial results are expected to improve year-over-year. However, the market's immediate reaction suggests that investors are more focused on the current quarter's miss rather than the potential future improvements.