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Steel Dynamics: Q1 Earnings Snapshot

Associated Press Finance
·1-min read

FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Steel Dynamics Inc. (STLD) on Tuesday reported first-quarter earnings of $584 million.

The Fort Wayne, Indiana-based company said it had net income of $3.67 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share.

The steel producer and metals recycler posted revenue of $4.69 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $4.74 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STLD at https://www.zacks.com/ap/STLD