STLD

Steel Dynamics Reports Fall In Q2 Earnings

(RTTNews) - Steel Dynamics (STLD) reported earnings for second quarter that declined from last year.

The company's earnings totaled $75.50 million, or $0.36 per share. This compares with $194.30 million, or $0.87 per share, in last year's second quarter.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 24.5% to $2.09 billion from $2.77 billion last year.

Steel Dynamics earnings at a glance:

-Earnings (Q2): $75.50 Mln. vs. $194.30 Mln. last year. -EPS (Q2): $0.36 vs. $0.87 last year. -Analysts Estimate: $0.35 -Revenue (Q2): $2.09 Bln vs. $2.77 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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