UPDATE: Schnitzer Steel Posts Decline In Q3 Profit
Schnitzer Steel Industries (NASDAQ: SCHN) reported a decline in its third-quarter profit.
Schnitzer Steel's quarterly profit dropped to $11.2 milion, or $0.40 per share, versus $33 million, or $1.18 per share, in the year-earlier period. Its sales fell to $888 million from $981 million.
Analysts were expecting earnings of $0.30 per share on sales of $891.9 million.
Schnitzer Steel shares gained 0.44% to $25.00 in pre-market trading.
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