Gerdau Q3 EPS $0.15 Misses $0.18 Estimate, Sales $3.636B Beat $3.590B Estimate

Gerdau (NYSE:GGB) reported quarterly earnings of $0.15 per share which missed the analyst consensus estimate of $0.18 by 16.67 percent. This is a 50 percent increase over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $3.636 billion which beat the analyst consensus estimate of $3.590 billion by 1.28 percent. This is a 10.15 percent increase over sales of $3.301 billion the same period last year.