CORRECTION: Steel Dynamics Provides Q2 2023 Earnings Guidance; Sees Q2 EPS $4.78-$4.82 Vs $5.06 Est
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics has provided Q2 2023 earnings guidance, expecting Q2 EPS to be between $4.78 and $4.82, lower than the estimated $5.06.
June 16, 2023 | 2:17 pm
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Steel Dynamics expects Q2 2023 EPS to be between $4.78 and $4.82, lower than the estimated $5.06.
The lower-than-expected Q2 2023 earnings guidance provided by Steel Dynamics is likely to have a negative impact on the company's stock price in the short term, as it indicates weaker financial performance than anticipated by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100