Ryerson Holding Q2 EPS Adj $1.06 Misses $1.34 Estimate, Sales $1.34B Miss $1.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryerson Holding (NYSE:RYI) reported Q2 adjusted earnings of $1.06 per share, missing the analyst consensus estimate of $1.34 by 20.9%. This is a 80.04% decrease from the same period last year. The company also reported quarterly sales of $1.34 billion, missing the analyst consensus estimate of $1.40 billion by 4.07%. This is a 22.99% decrease from the same period last year.
July 31, 2023 | 8:54 pm
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Ryerson Holding's Q2 earnings and sales missed estimates, marking a significant decrease from the same period last year.
Ryerson Holding's Q2 earnings and sales fell short of analyst estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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