Steel Dynamics Q2 EPS $4.81 Vs. $6.44 Prior Year; Sales $5.08B Miss $5.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics (NASDAQ:STLD) reported Q2 earnings of $4.81 per share, down from $6.44 per share last year. Quarterly sales were $5.08 billion, missing the analyst consensus estimate of $5.57 billion by 8.78 percent. This represents an 18.22 percent decrease over sales of $6.21 billion the same period last year.
July 19, 2023 | 8:32 pm
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NEGATIVE IMPACT
Steel Dynamics reported lower Q2 earnings and sales, missing estimates. This could negatively impact the company's stock price.
Steel Dynamics reported a decrease in Q2 earnings and sales, missing analyst estimates. This underperformance could lead to a decrease in the company's stock price as it indicates potential financial instability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100