FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Steel Dynamics Inc. (STLD) on Monday reported first-quarter profit of $403.4 million.
The Fort Wayne, Indiana-based company said it had profit of $2.78 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.
The steel producer and metals recycler posted revenue of $5.2 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $5.1 billion.
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