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Schnitzer Steel 4Q earns $34.4M vs $37.9M

*SCHN closed October 6th higher by +2.95%...

Market Pulse: Schnitzer Steel 4Q earns $34.4M vs $37.9M
Thursday October 6, 8:15 am ET
By Michael Baron

NEW YORK (MarketWatch) -- Schnitzer Steel Industries Inc. Thursday reported fourth-quarter earnings of $34.4 million, or $1.11 a share, down from a year-ago profit of $37.9 million, or $1.22 a share. Revenue slid in the latest three months to $195.7 million from $204.5 million in the same period a year earlier. Thomson First Call doesn't publish a consensus estimate for the company's results. The stock closed Wednesday at $29.14, down 6.6%.


LINK: http://biz.yahoo.com/cbsmb/051006/98b9f831f0154a66a8cacd4c4f06aa0e.html?.v=1