Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
BUZZ-Steel Dynamics stock falls as quarterly profit misses expectations

BUZZ-Steel Dynamics stock falls as quarterly profit misses expectations

路透社路透社2026/10/19 21:01
Show original

- ** Steel Dynamics Inc. (STLD.O) shares fell 7% in after-hours trading, to $228

** Despite strong steel prices and record shipment volumes, the company's recycling business profit decline, aluminum operations startup losses, and higher raw material costs continue to exert downward pressure

** For the third quarter, the company reported earnings per share of $5.26, missing Wall Street's expected $5.41 — data compiled by LSEG

** "U.S. steel import volumes remain well below historical and year-ago levels," said Chief Executive Mark Millett

** The company reported quarterly revenue of $6.51 billion, higher than the expected $6.43 billion

**As of the previous market close, the stock was up 44.5% year-to-date


(To facilitate non-English speakers, Reuters has automatically translated its reports into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation. It is provided solely for reader convenience. Reuters accepts no responsibility for any damage or loss caused by use of the automated translation feature.)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Palantir (PLTR.US) partners with cloud custody service provider Knox to accelerate cloud deployment of critical software for the U.S. government

Palantir announced a new agreement with cloud custody service provider Knox Systems on Monday to deliver software services to the U.S. federal government via the cloud.

智通财经•2026/10/19 23:37

JPMorgan: Stabilization of bond yields may end valuation compression, combined with accelerating earnings, stock market expected to rise through the end of the year

JPMorgan stated that stabilized yields may help extend the stock market rally through the end of the year.

智通财经•2026/10/19 23:22
JPMorgan: Stabilization of bond yields may end valuation compression, combined with accelerating earnings, stock market expected to rise through the end of the year

Wells Fargo: This earnings season marks "one of the weakest starts for EPS in history," with most companies underperforming expectations

Wells Fargo stated that the start of this US earnings season has been unfavorable. In its report, the bank wrote that only about a week into the third-quarter earnings season, the earnings per share of companies that have reported results are already 0.3% lower than analysts’ general expectations.

智通财经•2026/10/19 23:16