Schnitzer Steel: Fiscal 3Q Earnings Snapshot
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Schnitzer Steel: Fiscal 3Q Earnings Snapshot

Last Updated Jul 1, 2020 at 8:16 am EDT

PORTLAND, Ore. (AP) _ Schnitzer Steel Industries Inc. (SCHN) on Wednesday reported a fiscal third-quarter loss of $5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Portland, Oregon-based company said it had a loss of 18 cents. Earnings, adjusted for one-time gains and costs, were 5 cents per share.

The recycler of ferrous and nonferrous scrap metal posted revenue of $402.7 million in the period.

Schnitzer Steel shares have fallen 19% since the beginning of the year. The stock has declined 33% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCHN at https://www.zacks.com/ap/SCHN

The Associated Press

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