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$XAU Steel Dynamics shares fall 8% after third-quarter results miss expectations despite record shipments
Steel Dynamics Inc. (NASDAQ:STLD) reported adjusted earnings per share of $5.26 for the third quarter of 2026, below analysts’ estimates of $5.48, while revenue of $6.5 billion topped consensus expectations of $6.43 billion. The stock fell 8% following the earnings announcement, reflecting investors’ disappointment over the decline in earnings.
Net sales rose 35% to $6.5 billion, compared with $4.8 billion in the third quarter of 2025. The company achieved a record 3.8 million tons in steel shipments during the quarter, while operating income reached $1.0 billion, up 44% sequentially from the second quarter.
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$XAU Steel Dynamics shares fall 8% after third-quarter results miss expectations despite record shipments
Steel Dynamics Inc. (NASDAQ:STLD) reported adjusted earnings per share of $5.26 for the third quarter of 2026, below analysts’ estimates of $5.48, while revenue of $6.5 billion topped consensus expectations of $6.43 billion. The stock fell 8% following the earnings announcement, reflecting investors’ disappointment over the decline in earnings.
Net sales rose 35% to $6.5 billion, compared with $4.8 billion in the third quarter of 2025. The company achieved a record 3.8 million tons in steel shipments during the quarter, while operating income reached $1.0 billion, up 44% sequentially from the second quarter.
#CryptoVaultDepositsTop$10Billion #BitcoinSurpasses$83,000 #JapanFSAPublishesOnChainFinanceForumMinutes #BitcoinReboundsAbove$82,000 #BankOfRussiaSaysSelfCustodyBanStartsJuly2027