Steel Dynamics STLD issued downbeat earnings forecast for the third quarter.
Steel Dynamics now projects earnings of $0.01 to $0.05 per share in the quarter. Excluding special items, it expects earnings of $0.09 to $0.14 per share, down from $0.20 per share in the year-ago period. However, analysts were expecting earnings of $0.19 per share.
Steel Dynamics shares dropped 4.80% to $11.69 in after-hours trading.
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