Investing.com - Steel Dynamics (NASDAQ:STLD) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Steel Dynamics announced earnings per share of $6.73 on revenue of $6.21B. Analysts polled by Investing.com anticipated EPS of $6.05 on revenue of $5.94B.
Steel Dynamics shares are up 9.33% from the beginning of the year, still down 32.15% from its 52 week high of $100.37 set on April 21. They are outperforming the S&P 500 which is down 16.92% from the start of the year.
Steel Dynamics shares gained 3.01% in after-hours trade following the report.
Steel Dynamics follows other major Materials sector earnings this month
Steel Dynamics's report follows an earnings beat by Akzo Nobel ADR on Wednesday, who reported EPS of $0.84 on revenue of $2.85B, compared to forecasts EPS of $0.4111 on revenue of $3.04B.
Yara International ASA had missed expectations on Sunday with second quarter EPS of $1.66 on revenue of $6.39B, compared to forecast for EPS of $1.75 on revenue of $6.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar