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Steel Dynamics Q3 Earnings Fall

Steel Dynamics (STLD) reported earnings for third quarter that declined from last year.

The company's earnings totaled $151.05 million, or $0.69 per share. This compares with $398.37 million, or $1.69 per share, in last year's third quarter.

Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 21.4% to $2.53 billion from $3.22 billion last year.

Steel Dynamics earnings at a glance:

-Earnings (Q3): $151.05 Mln. vs. $398.37 Mln. last year.
-EPS (Q3): $0.69 vs. $1.69 last year.
-Analysts Estimate: $0.70
-Revenue (Q3): $2.53 Bln vs. $3.22 Bln last year.

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