Schnitzer Steel Industries Inc. (SCHN) announced earnings for fourth quarter that retreated from last year.
The company said its bottom line totaled $9 million, or $0.31 per share. This was lower than $10 million, or $0.36 per share, in last year's fourth quarter.
The company said revenue for the quarter fell 33.8% to $457 million. This was down from $690 million last year.
Schnitzer Steel Industries Inc. earnings at a glance:
-Earnings (Q4): $9 Mln. vs. $10 Mln. last year.
-Earnings Decline (Y-o-Y): -10.0%
-EPS (Q4): $0.31 vs. $0.36 last year.
-EPS Decline (Y-o-Y): -13.9%
-Revenue (Q4): $457 Mln vs. $690 Mln last year.
-Revenue Change (Y-o-Y): -33.8%
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