Steel Dynamics (STLD) Down as Q3 Outlook Sags

Steel Dynamics, Inc.

shares dipped 0.9% to $24.08. The company issued disappointing earnings outlook for the third quarter. The company projects Q3 earnings of $0.63 to $0.67 per share, versus analysts' estimates of $0.70 per share. Share volume was 1.9 million, compared to an all-day average of three million