Steel Dynamics: Q4 Earnings Snapshot

Posted

FORT WAYNE, Ind. (AP) _ Steel Dynamics Inc. (STLD) on Wednesday reported fourth-quarter earnings of $634.9 million.

On a per-share basis, the Fort Wayne, Indiana-based company said it had net income of $3.61. Earnings, adjusted for non-recurring costs, were $4.37 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.60 per share.

The steel producer and metals recycler posted revenue of $4.83 billion in the period.

_____

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

Comments

No comments on this item Please log in to comment by clicking here


X