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Schnitzer Steel Industries’ Q2 profits may drop
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Oregon-based steelmaker and steel recycling company Schnitzer Steel Industries predicted that its fully diluted earnings per share in the Q2 of fiscal year 2012 (until February 29th, 2012) would surge to US$0.28~US$0.35 from US$0.25 in the Q1.
In addition, the company received sales profits less than the forecast in the Q2 due to lower sales prices and weak market situation.
Meanwhile, The company will release the concrete results on April 5th, 2012.
News Date
3/20/2012 1:36:24 PM
reported by
Nann Cheng
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