Steel Dynamics Inc reports results for the quarter ended in January - Earnings Summary Steel Dynamics Inc STLD.OQ reported quarterly adjusted earnings of $2.72​​ per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of $4.81. The mean expectation of eleven analysts for the quarter was for earnings of $2.67 per share.

Steel Dynamics quarterly profit nearly halves on weak steel pricing July 17 (Reuters) - Steel Dynamics STLD.O on Wednesday reported a drop of 47% in second-quarter profit, amid declining domestic steel prices. Oversupply in the market, stemming from both domestic production and imports, has led steel distributors to refrain from purchases beyond immediate inventory needs.

BRIEF-Steel Dynamics Q2 Revenue USD 4,632.634 Million Vs. IBES Estimate USD 4,434 Million Jul 17 (Reuters) - Steel Dynamics Q2 gross profit USD 774.837 million. Q2 pretax profit USD 565.112 million vs. IBES estimate USD 619 million Q2 EBIT USD 559.123 million vs. IBES estimate USD 602.4 million Q2 net income USD 431.69 million vs. IBES estimate USD 452.4 million Q2 adjusted EBITDA USD 686 million vs.

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FACTBOX-Stocks to watch as Biden, Trump vie for presidency Recasts top, adds brokerage comments on crypto and blockchain-related firms July 17 (Reuters) - Investors are closely watching stocks that could be impacted by the outcome of the Nov. 5 U.S. presidential elections , especially those more exposed to government policy actions such as banking and clean energy.

MORNING BID AMERICAS-Small caps soar in catch-up rotation, Trump jars Taiwan Republishes newsletter to embed graphics. A look at the day ahead in U.S. and global markets from Mike Dolan The dramatic switch to U.S. small cap stocks over the past week went into overdrive on Tuesday as interest rate cut and election fever combine, but world markets more broadly are getting nervy of the prospect of Donald Trump's return to the White House.

BUZZ-J.P. Morgan lifts PTs of Steel Dynamics, US Steel ahead of Q2 results ** J.P. Morgan lifts PTs of steelmakers Steel Dynamics STLD.O to $120 from $118 and U.S. Steel X.N to $43 from $40 ** Brokerage sees steel companies in the U.S. reporting results in line or above their mid-quarter forecasts ** STLD's diverse product offering and downstream b

PREVIEW-US steelmakers brace for tepid quarterly profit, further price declines By Aatreyee Dasgupta July 16 (Reuters) - Top U.S. steelmakers are expected to post a decline in second-quarter earnings and could face additional pressure from a further retreat in steel prices heading into a slow summer season, according to analysts. Nucor NUE.N , Steel Dynamics STLD.O and U.S.

Steel Dynamics Inc expected to post earnings of $2.74 a share - Earnings Preview Steel Dynamics Inc STLD.OQ STLD.O is expected to show a fall in quarterly revenue when it reports results on July 17 for the period ending June 30 2024 The Fort Wayne Indiana-based company is expected to report a 12.7% decrease in revenue to $4.434 billion from $5.08 billion a year ago, according to the mean estimate from 9 analysts, based on LSEG data.

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BUZZ - S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT S&P 500 .SPX Top Performers Percent Change Steel Dynamics Inc STLD.OQ +4.9% Halliburton Co HAL.N +4.8% Tesla Inc TSLA.OQ +4.6% Axon Enterprise Inc AXON.OQ +4.6% APA Corp (US) APA.OQ +4.5% Bottom Performers Percent Change AES Corp AES.N -9.4% First Solar Inc FSLR.OQ -8.4% Center

BUZZ-Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025 ** Jefferies remains cautious into European steel sector's Q2 reporting season and says demand recovery might be pushed to 2025 ** It says steel prices are close to the bottom, and expects infrastructure related demand to pick up in late H2 2024 or in 2025, after the U.S. presidential election ** Thus it expects outlook commentary into Q3 to be cautious ** Jefferies' top picks are still ArcelorMittal MT.LU in Europe, and Cle

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BRIEF-Steel Dynamics Files For Offering Of Notes Size Not Disclosed - SEC Filing June 26 (Reuters) - Steel Dynamics Inc STLD.O : STEEL DYNAMICS INC FILES FOR OFFERING OF NOTES; SIZE NOT DISCLOSED - SEC FILING Source text for Eikon: [ID:n0001104659-24-074998] Further company coverage: STLD.O

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Steel Dynamics forecasts second-quarter profit below expectations June 17 (Reuters) - Steel Dynamics STLD.O on Monday projected second-quarter profit below analysts' expectations as lower realized prices more than offset steady shipments in its steel business. The Fort Wayne Indiana-based company expects its adjusted per-share earnings in the range of $2.64 to $2.68, compared with estimate of $2.98, as per LSEG data.

BUZZ-Steel Dynamics falls on Q2 EPS forecast below estimates ** Shares of steel maker Steel Dynamics STLD.O fall about 1% to $120 in premarket trade ** Company expects its Q2 EPS to be in the range of $2.64 to $2.68, below analysts' est. of $2.98 - LSEG ** "Second quarter 2024 profitability from the company's steel operations are expected to be mea

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