Investing.com - Steel Dynamics reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Steel Dynamics announced earnings per share of $5.49 on revenue of $5.31B. Analysts polled by Investing.com anticipated EPS of $5.6 on revenue of $5.29B.
Steel Dynamics shares are down 11% from the beginning of the year and are trading at $54.50 , down-from-52-week-high.They are broadly in line with the Nasdaq which is down 11.44% from the start of the year.
Steel Dynamics shares lost 0.37% in after-hours trade following the report.
Steel Dynamics follows other major Materials sector earnings this month
Steel Dynamics's report follows an earnings missed by Sherwin-Williams on Friday, January 14, 2022, who reported EPS of $1.35 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
PPG Industries had beat expectations on Thursday with fourth quarter EPS of $1.26 on revenue of $4.19B, compared to forecast for EPS of $1.18 on revenue of $4.04B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar