Investing.com - Steel Dynamics reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Steel Dynamics announced earnings per share of $2.1 on revenue of $3.54B. Analysts polled by Investing.com anticipated EPS of $1.84 on revenue of $3.4B.
Steel Dynamics shares are up 38% from the beginning of the year and are trading at $51.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 7.96% from the start of the year.
Steel Dynamics shares lost 0.37% in after-hours trade following the report.
Steel Dynamics follows other major Basic Materials sector earnings this month
Steel Dynamics's report follows an earnings beat by PPG Industries on Thursday, who reported EPS of $1.88 on revenue of $3.88B, compared to forecasts EPS of $1.57 on revenue of $3.67B.
Royal Gold had beat expectations on Wednesday, February 3, 2021 with second quarter EPS of $0.92 on revenue of $158.36M, compared to forecast for EPS of $0.8765 on revenue of $152.81M.
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