Steel Dynamics: Q3 Earnings Snapshot

FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Steel Dynamics Inc. (STLD) on Monday reported third-quarter net income of $756 million.

The Fort Wayne, Indiana-based company said it had profit of $5.26 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.42 per share.

The steel producer and metals recycler posted revenue of $6.51 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $6.11 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STLD at https://www.zacks.com/ap/STLD