FORT WAYNE, Ind. (AP) _ Steel Dynamics Inc. (STLD) on Tuesday reported fourth-quarter net income of $270 million.
The Fort Wayne, Indiana-based company said it had net income of $1.17 per share. Earnings, adjusted for non-recurring costs, were $1.31 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The steel producer and metals recycler posted revenue of $2.9 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $2.92 billion.
For the year, the company reported profit of $1.26 billion, or $5.35 per share. Revenue was reported as $11.82 billion.
Steel Dynamics shares have climbed 14 percent since the beginning of the year. The stock has dropped 26 percent 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 STLD at https://www.zacks.com/ap/STLD