Steel Dynamics: Q1 Earnings Snapshot
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FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Steel Dynamics Inc. (STLD) on Wednesday reported first-quarter earnings of $637.3 million.
On a per-share basis, the Fort Wayne, Indiana-based company said it had net income of $3.70. Earnings, adjusted for non-recurring costs, were $4.01 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.81 per share.
The steel producer and metals recycler posted revenue of $4.89 billion in the period.
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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