Steel Dynamics' (STLD) Q4 Earnings Lag Estimates, Sales Beat

Steel Dynamics, Inc. (STLD) logged fourth-quarter 2023 earnings of $2.61 per share, down from$3.61 in the year-ago quarter. It lagged the Zacks Consensus Estimate of $2.63.Net sales in the fourth quarter were down around 12.3$4,233.4 million. It, however, surpassed the Zacks Consensus Estimate of $4,112.4 million.Segment HighlightsNet sales for steel operations were$2,915.3 million in the reported quarter, down around 0.8% year over year. STLD registered steel shipments of roughly 3.06 ...