Schnitzer Shares Down In Pre-Market On Downbeat Q1 Projections

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Schnitzer Steel Industries Inc (NASDAQ: SCHN) projected weaker-than-expected fiscal first-quarter results.Schnitzer expects FQ1 earnings of $0.18 to $0.25 per share, versus analysts' estimates of $0.55 per share. Schnitzer now projects operating earnings per ferrous ton to decline around 50% from year-ago levels of $21 per ton in the metals recycling segmentSchnitzer expects operating income in the auto-parts segment to drop 30%.Schnitzer shares fell 6.28% to $42.86 in pre-market trading.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!