India, June 18 -- Steel Dynamics, Inc. (STLD), an industrial metals solutions company, Wednesday issued second-quarter earnings outlook, lower than last year and below market estimates.
In the pre-market activity on the Nasdaq, Steel Dynamics shares were losing around 2.75 percent to trade at $129.50.
For the second quarter, the company projects earnings in the range of $2.00 to $2.04 per share, lower than last year's $2.72 per share, but higher than the $1.44 per share recorded in the sequential first quarter.
The Wall Street analysts on average expect the company to report earnings of $2.64 per share. Analysts' estimates typically exclude special items.
The company noted that the profitability from the steel operations in the latest q...