12:41 pm Schnitzer Steel (SCHN)
Schnitzer Steel (SCHN) is trading up 5% today after guiding above expectations this morning. The company now expects 4Q14 (Aug) non-GAAP EPS of $0.28-0.32, up nicely from the $0.16 earned in MayQ. Full results will be reported on October 28 before the open.
In case you're not familiar with Schnitzer Steel, the company is a bit different than most other steel producers. For one thing, it's based in Portland, OR while most steelmakers are in the Midwest, near the automotive manufacturers. The other thing is that SCHN is more of a metals recycler …More