Steel Dynamics Inc. (STLD) predicted earnings in the first quarter could fall short of analysts expectations, but said the company expects strong order entry and price improvements in the quarter.
For the quarter, the company expects earnings of 22 cents to 27 cents per share, while analysts have predicted 26 cents per share. The fifth largest U.S. steel company posted a profit of 12 cents in the fourth quarter and posted a loss of 48 cents per share in the first quarter of 2009.
Shares of the company were off 1.8% Tuesday.
