Steel Dynamics: Q2 Earnings Snapshot
FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Steel Dynamics Inc. (STLD) on Wednesday reported second-quarter net income of $812.1 million.
On a per-share basis, the Fort Wayne, Indiana-based company said it had net income of $4.81.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.82 per share.
The steel producer and metals recycler posted revenue of $5.08 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $5.41 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a STLD">Zacks stock report on STLD at https://www.zacks.com/ap/STLD
