Steel Dynamics (STLD) Guides Q1 EPS Below Views

Steel Dynamics, Inc. (Nasdaq: STLD) has provided first quarter 2012 guidance, indicating that earnings are expected to be in the range of $0.15 to $0.20 per diluted share.

The Street currently sees EPS of $0.36.

Estimated earnings for the first quarter include a reduction of approximately $.03 per diluted share, representing expenses, net of interest cost savings, associated with the company's announced financing activities which occurred in January. First quarter 2012 estimated results are improved from fourth quarter 2011 diluted earnings per share of $0.14, but lower than first quarter 2011 diluted earnings per share of $0.46.

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