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Ryerson reports 4Q loss

CHICAGO (AP) _ Ryerson Holding Corp. (RYI) on Monday reported a loss of $8.6 million in its fourth quarter.

The Chicago-based company said it had a loss of 23 cents per share. Losses, adjusted for one-time gains and costs, came to 19 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The metal products distributor and processor posted revenue of $682.2 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $679.3 million.

For the year, the company reported net income of $18.7 million, or 54 cents per share, swinging to a profit in the period. Revenue was reported as $2.86 billion.

Ryerson shares have decreased 24 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.15, more than doubling in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RYI at https://www.zacks.com/ap/RYI


Keywords: Ryerson Holding, Earnings Report