Steel Dynamics Q3 EPS $3.47 Vs $5.03 Prior Year, Sales $4.59B Beat $4.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics (NASDAQ:STLD) reported Q3 earnings of $3.47 per share, down from $5.03 per share last year. Quarterly sales were $4.59 billion, beating the analyst consensus estimate of $4.55 billion by 0.77 percent, but representing an 18.84 percent decrease from $5.65 billion last year.
October 18, 2023 | 8:34 pm
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Steel Dynamics reported lower Q3 earnings per share and a decrease in sales compared to last year, although sales beat estimates.
The decrease in earnings per share and sales compared to last year could negatively impact the stock price. However, the fact that sales beat estimates might mitigate this impact to some extent.
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RELEVANCE 100