Seeking Alpha

Steel Dynamics sees Q1 earnings below estimates, cites weather

  • Steel Dynamics (STLD) provides lower than expected Q1 EPS guidance of $0.13-$0.17 vs. $0.28 analyst consensus, blaming severe and prolonged winter weather conditions that have resulted in increased energy costs, diminished availability of transportation, reduced production and lower shipments.
  • Close peer Nucor issued a similar warning this morning.
  • STLD -0.9% AH.
Comments (1)
  • User 9461321
    , contributor
    Comment (1) | Send Message
     
    Vertical integration has not proven to be a successful strategy post 2008.
    18 Mar 2014, 10:26 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs