Schnitzer Steel Industries Inc. (SCHN) announced a profit for fourth quarter that declined from the same period last year.
The company’s profit came in at $3.96 million, or $0.14 per share. This compares with $11.58 million, or $0.41 per share, in last year’s fourth quarter.
Excluding items, Schnitzer Steel Industries Inc. reported adjusted earnings of $7 million or $0.23 per share for the period.
Analysts had expected the company to earn $0.13 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items