Ryerson Holding Corp. Earnings Climb 67% In Q1

(RTTNews) - Ryerson Holding Corp. (RYI) announced a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line totaled $8.2 million, or $0.26 per share. This was higher than $4.9 million, or $0.15 per share, in last year's first quarter.

Analysts had expected the company to earn $0.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 19.1% to $702.6 million. This was down from $868.0 million last year.

Ryerson Holding Corp. earnings at a glance:

-Earnings (Q1): $8.2 Mln. vs. $4.9 Mln. last year. -Earnings Growth (Y-o-Y): 67.3% -EPS (Q1): $0.26 vs. $0.15 last year. -EPS Growth (Y-o-Y): 73.3% -Analysts Estimate: $0.03 -Revenue (Q1): $702.6 Mln vs. $868.0 Mln last year. -Revenue Change (Y-o-Y): -19.1%