Steel Dynamics Guides Q2 Earnings Well Above Estimates

RTTNews | 680 days ago
Steel Dynamics Guides Q2 Earnings Well Above Estimates

(RTTNews) - Steel producer Steel Dynamics Inc. (STLD) on Friday provided its earnings guidance for the second quarter, well above analysts' estimates.

For the second quarter, the company said it expects earnings in a range of $4.78 to $4.82 per share.

On average, six analysts polled by Thomson Reuters expect the company to report earnings of $4.13 per share for the quarter. Analysts' estimates typically exclude special items.

The company projects second-quarter profitability from its steel operations to be significantly stronger than sequential first quarter results, based on significant metal spread expansion across the platform as realized selling values more than offset moderately higher scrap costs.

read more
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

The Swiss market closed modestly higher on Friday after moving in a tight bandwith investors digesting earnings updates and continuing to track the developments on the tariff front.
RTTNews | 17h 28min ago