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Steel Dynamics: Q1 Earnings Snapshot

FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Steel Dynamics Inc. (STLD) on Monday reported first-quarter profit of $403.4 million.

The Fort Wayne, Indiana-based company said it had profit of $2.78 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.

The steel producer and metals recycler posted revenue of $5.2 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $5.1 billion.

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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 STLD at https://www.zacks.com/ap/STLD

Caitlin Clark helps US beat China and 7-foot-3 Zhang Ziyu 94-61 in women’s World Cup opener

BERLIN (AP) — Caitlin Clark had 14 points and 11 assists to help the United States beat China, which was led by 7-foot-3 Zhang Ziyu, 94-61 in its women's basketball World Cup opener Friday. Rhyne Howard also scored 14 points and Jackie Young added 12 for the Americans, who have now won 31 consecutive World Cup games dating back to a loss in the semifinal game of the 2006 tournament. This a period of transition for the U.S. with a young roster that includes the trio of Clark, Paige Bueckers and Angel Reese. None of them were in the starting lineup, but they were on the court together to close out the opening quarter, which the Americans dominated to go up 27-14. China fought back at the start of the second quarter behind Zhang. The 19-year-old, who was making her first World Cup appearance, towered over the Americans. On defense, she stood under the basket, making it difficult for the Americans to score inside or get second shots off misses. On offense, the Americans constantly double-teamed her when she caught the ball.
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