Mobile app version of munafa.co.com
Login or Join
 Learn then Earn
stockMarketNEWS

 story : Schnitzer Steel shares advance on earnings #FinanceUSA #StockMarketNEWS Schnitzer Steel Industries Inc. rose 3.4% on Wednesday despite losses in other steel stocks after the company beat its earnings

@stockMarketNEWS Thu 30 Jun, 2022

Posted in: #FinanceUSA #StockMarketNEWS

Schnitzer Steel shares advance on earnings #FinanceUSA #StockMarketNEWS
Schnitzer Steel Industries Inc. rose 3.4% on Wednesday despite losses in other steel stocks after the company beat its earnings and revenue targets. Schnitzer Steel's third-quarter earnings of .59 a share beat the estimate of .30 a share and its revenue of .01 billion came in ahead of the forecast of 9.1 million, according to FactSet data. "The company's third quarter performance benefited from strong global demand for recycled metals and robust West Coast market conditions for finished steel products," Schnitzer said. Meanwhile, Nucor fell 0.9% and US Steel dropped 1.2%. Schnitzer shares have fallen 32.2% in 2022, compared to a loss of 28.5% by the Nasdaq and a drop of 19.7% by the S&P 500 .


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme