WASHINGTON (dpa-AFX) - Schnitzer Steel Industries Inc. (SCHN) reported a profit for its second quarter that rose from the same period last year.
The company's profit totaled $44.59 million, or $1.54 per share. This compares with $3.88 million, or $0.14 per share, in last year's second quarter.
Analysts had expected the company to earn $0.99 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 36.6% to $600.11 million from $439.48 million last year.
Schnitzer Steel Industries Inc. earnings at a glance:
-EPS (Q2): $1.51 vs. $0.31 last year. -Analysts Estimate: $0.99 -Revenue (Q2): $600.11 Mln vs. $439.48 Mln last year.
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