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Steel Dynamics Bottom Line Falls In Q1

Steel Dynamics (STLD) announced earnings for first quarter that declined from last year.

The company's bottom line totaled $204.33 million, or $0.91 per share. This compares with $227.55 million, or $0.96 per share, in last year's first quarter.

Analysts had expected the company to earn $0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.5% to $2.82 billion from $2.60 billion last year.

Steel Dynamics earnings at a glance:

-Earnings (Q1): $204.33 Mln. vs. $227.55 Mln. last year.
-EPS (Q1): $0.91 vs. $0.96 last year.
-Analysts Estimate: $0.98
-Revenue (Q1): $2.82 Bln vs. $2.60 Bln last year.

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