Steel Dynamics Inc. (STLD) on Monday reported third-quarter profit of $91.2 million.
On a per-share basis, the Fort Wayne, Indiana-based company said it had net income of 38 cents.
The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The steel producer and metals recycler posted revenue of $2.34 billion in the period, which topped Street forecasts. Analysts expected $2.12 billion, according to Zacks.
Steel Dynamics shares have climbed 8 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $21.10, an increase of 17 percent in the last 12 months.
This story was generated by Automated Insights
Source: AP
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