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Steel Dynamics Earnings Fall In Q3

(RTTNews) - Steel Dynamics (STLD) reported earnings for third quarter that decreased from the same period last year.

The company's profit came in at $100.14 million, or $0.47 per share. This compares with $151.05 million, or $0.69 per share, in last year's third quarter.

Analysts had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.9% to $2.33 billion from $2.53 billion last year.

Steel Dynamics earnings at a glance:
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