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Stock Market & Financial Investment News

News Breaks
January 8, 2014
08:35 EDTSCHNSchnitzer Steel reports Q1 adjusted EPS (18c), consensus (6c)
Reports Q1 revenue 587.7M, consensus $618.04M.
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September 30, 2014
08:36 EDTSCHNSchnitzer says Metals Recycling unit expected to generate $13-$14 per ton in Q4
Due to the successful execution of our productivity and cost reduction initiatives, combined with higher sales volumes sequentially and less market price volatility, our Metals Recycling Business is expected to generate operating income in the range of $13 to $14 per ton. Accelerating demand from West Coast construction markets and the benefits of productivity initiatives are expected to drive significant operating leverage in our Steel Manufacturing Business, resulting in operating income in the range of $8M-$9M. In the Auto Parts Business, higher car purchase volumes in Q4 were largely offset by seasonally lower retail sales, leading to operating income in the range of $4M-$5M. Significant productivity initiatives currently in process within APB are expected to drive favorable impacts beginning in 2H15.
08:34 EDTSCHNSchnitzer Steel sees Q4 adjusted EPS from cont. ops. 28c-32c, consensus 20c
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