FINWIRES · TerminalLIVE
FINWIRES

Update: Steel Dynamics Shares Fall After Issuing Downbeat Q2 Earnings Outlook

By

(Updates with the latest stock movement in the first paragraph and headline.)

Steel Dynamics (STLD) shares were down 7.3% in Thursday afternoon trading after the company said late Wednesday it expects fiscal Q2 EPS between $3.51 and $3.55.

Analysts polled by FactSet are looking for $4.16.

The company said Q2 earnings were trimmed by $16 million due to asset write-downs related to the relocation of its satellite aluminum recycled slab center from Arizona to Columbus.

So far in the quarter, the company has repurchased $170 million of its common stock, it added.

Price: $250.35, Change: $-19.78, Percent Change: -7.32%

Related Articles

Wire

Top Cryptocurrencies Fall; Bitcoin Drops Below $65,000 Level

Top cryptocurrencies fell Wednesday, with Bitcoin (BTC-USD) dropping below the $65,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 1.6% in the past 24 hours. The Nasdaq 100 fell 1.1%, the S&P 500 decreased 1.3%, and the Dow Jones Industrial Average was down 1.1%.Bitcoin dropped 2.2% to $64,152, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 14% to $29.92 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, declined 3.3% to $1,733.XRP (XRP-USD) dropped 3.4%, BNB (BNB-USD) fell 1.5%, and Solana (SOL-USD) lost 3%. Dogecoin (DOGE-USD) declined 2.2%, and Cardano (ADA-USD) shed 4.3%.The US 10-year Treasury yield stood at 4.461% at 3 p.m. ET Wednesday, up from 4.426% Tuesday, while the five-year yield rose to 4.229% from 4.149%.The total market value of the cryptocurrency industry fell 2.1% in the past 24 hours to $2.21 trillion, with trading volume rising 0.6% to $79.23 billion.Price: $64197.34, Change: $-1408.11, Percent Change: -2.15%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD
Wire

IDEX Keeps Quarterly Dividend at $0.73 a Share, Payable July 24 to Shareholders of Record on July 6

IDEX Keeps Quarterly Dividend at $0.73 a Share, Payable July 24 to Shareholders of Record on July 6

$IEX
Wire

Check Point to Integrate With Amazon Bedrock AgentCore

Check Point Software Technologies (CHKP) said Wednesday it will integrate with Amazon.com's (AMZN) Amazon Bedrock AgentCore to extend its security controls into agentic workflows.The integration will enable Check Point to offer AI behavioral monitoring for destructive or misaligned actions, guardrails for content moderation, and partner-specific detection signals.The signals feed into AgentCore policy that acts at the gateway, allowing enterprises to pair Check Point's detection capabilities with automated enforcement, according to a statement.Price: $121.08, Change: $-0.88, Percent Change: -0.72%

$AMZN$CHKP