Steel Dynamics, Inc. (STLD) Monday revealed its earnings guidance for the first quarter. The company expects to report per share earnings in a range between the range of $0.17 to $0.21.
On average, 18 analysts polled by Thomson Reuters expect the company to earn $0.22 per share for the quarter. Analysts' estimates typically exclude special items.
In addition, the company said that excluding a fourth quarter favorable tax adjustment of $0.07 per diluted share, the company's estimated earnings were comparable to its fourth quarter adjusted 2012 earnings of $0.20 per share.
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