Shares of Steel Dynamics (NASDAQ:STLD) decreased in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 623.40% year over year to $3.40, which missed the estimate of $3.42.
Revenue of $4,465,000,000 rose by 113.23% from the same period last year, which beat the estimate of $4,220,000,000.
Outlook
Steel Dynamics hasn’t issued any earnings guidance for the time being.
Revenue guidance hasn’t been issued by the company for now.
Recent Stock Performance
Company’s 52-week high was at $66.88
52-week low: $26.12
Price action over last quarter: Up 15.50%
Company Description
Steel Dynamics operates scrap-based steel minimills with roughly 13 million tons of annual steel production capacity. The company manufactures steel products that primarily serve the construction, automotive, manufacturing, and transportation end markets. It also processes and sells recycled ferrous and nonferrous metals and operates a steel fabrication business that manufactures products for the nonresidential construction industry.
