Schnitzer Steel Indus Q3 Adj EPS $0.67 Beats $0.64 Estimate, Sales $810.00M Miss $823.95M Estimate

Schnitzer Steel Indus (NASDAQ:SCHN) reported quarterly adjusted earnings of $0.67 per share which beat the analyst consensus estimate of $0.64 by 4.69 percent. This is a 74.13 percent decrease over earnings of $2.59 per share from the same period last year. The company reported quarterly sales of $810.00 million which missed the analyst consensus estimate of $823.95 million by 1.69 percent. This is a 19.80 percent decrease over sales of $1.01 billion the same period last year.