American steel company Steel Dynamics increased its net profit by 79% in the first quarter, while revenue significantly exceeded analysts' expectations.
Revenue rose 33%, to $6.09 billion.
Experts polled by FactSet on average estimated the company's profit at $3.63 per share on revenue of $5.56 billion
$533.4 million a year earlier.
The company reported that in the reporting quarter it supplied a record 3.7 million tons of steel - about 400 thousand tons more than a year earlier.
Steel Dynamics stock quotes decreased by 1.3% following additional trading on Monday (3:3).
