Edition:
India

Steel Dynamics Q3 Adjusted Earnings Per Share $0.66 Excluding Items


Saturday, 16 Dec 2017 

Dec 15 (Reuters) - Steel Dynamics Inc ::STEEL DYNAMICS PROVIDES FOURTH QUARTER 2017 GUIDANCE.SEES Q4 2017 EARNINGS PER SHARE $0.48 TO $0.52.Q3 ADJUSTED EARNINGS PER SHARE $0.66 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE VIEW $0.65 -- THOMSON REUTERS I/B/E/S.Q4 2017 PROFITABLY FOR COMPANY'S METALS RECYCLING PLATFORM IS EXPECTED TO REMAIN CONSISTENT WITH SEQUENTIAL Q3 RESULTS.ESTIMATED Q4 2017 EARNINGS GUIDANCE DOES NOT INCLUDE IMPACT FROM ANY PROPOSED CHANGE TO FEDERAL TAX LEGISLATION IN UNITED STATES.Q4 2017 PROFITABILITY FROM CO'S OVERALL STEEL OPERATIONS EXPECTED TO DECREASE VERSUS Q3 RESULTS.ANTICIPATED LOWER Q4 EARNINGS ARE DRIVEN BY COMPANY'S FLAT ROLL OPERATIONS.STEEL DYNAMICS - OVERALL AVERAGE FLAT ROLL STEEL PRICING IS EXPECTED TO DECLINE MORE THAN CONSUMED SCRAP RAW MATERIAL COSTS IN Q4.LONG PRODUCT OPERATIONS ALSO ANTICIPATE LOWER SEQUENTIAL EARNINGS BASED ON LOWER SHIPMENTS IN Q4. 

Company Quote

40.71
-0.79 -1.90%
10:59pm IST