Steel Dynamics Q3 adjusted earnings Beat Estimates

(RTTNews) - Steel Dynamics (STLD) reported earnings for its third quarter that increased from the same period last year.

The company's earnings totaled $990.73 million, or $4.85 per share. This compares with $100.14 million, or $0.47 per share, in last year's third quarter.

Excluding items, Steel Dynamics reported adjusted earnings of $1.0 billion or $4.96 per share for the period.

Analysts had expected the company to earn $4.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 118.5% to $5.09 billion from $2.33 billion last year.

Steel Dynamics earnings at a glance:

-EPS (Q3): $4.96 vs. $0.51 last year. -Analysts Estimate: $4.57 -Revenue (Q3): $5.09 Bln vs. $2.33 Bln last year.