Investing.com - Steel Dynamics reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Steel Dynamics announced earnings per share of $4.96 on revenue of $5.09B. Analysts polled by Investing.com anticipated EPS of $4.62 on revenue of $4.95B.
Steel Dynamics shares are up 69% from the beginning of the year and are trading at $62.30 , down-from-52-week-high.They are outperforming the Nasdaq which is up 16.55% from the start of the year.
Steel Dynamics shares lost 0.19% in after-hours trade after the report.
Steel Dynamics follows other major Basic Materials sector earnings this month
Steel Dynamics's report follows an earnings beat by Alcoa on Thursday, who reported EPS of $2.05 on revenue of $3.11B, compared to forecasts EPS of $1.76 on revenue of $2.93B.
H B Fuller had beat expectations on Wednesday, September 22, 2021 with third quarter EPS of $0.79 on revenue of $826.83M, compared to forecast for EPS of $0.7885 on revenue of $797.4M.
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