Steel Dynamics Q4 2023 GAAP EPS $2.61 Beats $2.55 Estimate, Sales $4.20B Beat $4.14B Estimate
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics (NASDAQ:STLD) reported Q4 2023 earnings of $2.61 per share, surpassing the consensus estimate of $2.55. Sales reached $4.20B, also beating the $4.14B estimate but marking a 12.97% decrease from the same period last year.
January 23, 2024 | 9:31 pm
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Steel Dynamics reported higher-than-expected Q4 earnings and sales, with an EPS of $2.61 against a $2.55 estimate and sales of $4.20B against a $4.14B estimate.
Beating both earnings and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the reported decrease in year-over-year sales may temper some of the positive impact.
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