WASHINGTON (dpa-AFX) - Steel Dynamics Inc. (STLD) Wednesday reported first-quarter net income of $38.6 million or $0.17 per share, down from $48.2 million or $0.21 per share last year.
On average, 16 analysts polled by Thomson Reuters estimated earnings of $0.16 per share for the quarter. Analysts' estimates typically exclude one-time items.
Net sales for the quarter were $1.83 billion, up from $1.80 billion last year. Analysts estimated revenues of $1.86 billion for the quarter.
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