Steel Dynamics Reports Third Quarter 2015 Results
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UBS Reiterates Buy Following Steel Dynamics' (STLD) 2c EPS Beat
October 20, 2015 10:53 AM EDTUBS reiterated a Buy rating and $22.00 price target on Steel Dynamics (NASDAQ: STLD) following the company's 3Q15 earnings report. STLD reported Q3/15 EPS of $0.25, above consensus of $0.23. Operating income was up 9% QOQ.
Analyst Matt Murphy commented, "The macro overhang... More
Steel Dynamics (STLD) Reports In-Line Q3 EPS
October 19, 2015 6:02 PM EDTSteel Dynamics (NASDAQ: STLD) reported Q3 EPS of $0.25, in-line with the analyst estimate of $0.25. Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.06 billion.
"The third quarter 2015 market environment continued to be challenging for our steel and metals recycling operations," said Mark D. Millett, Chief Executive Officer. "Ongoing pressure from steel imports remains high, negatively impacting steel pricing and domestic steel production,... More
