Ryerson Holding Corp. Q1 Profit Falls

(RTTNews) - Ryerson Holding Corp. (RYI) released earnings for first quarter that decreased from last year.

The company's profit totaled $10.6 million, or $0.28 per share. This compares with $15.0 million, or $0.40 per share, in last year's first quarter.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.6% to $941.3 million from $814.5 million last year.

Ryerson Holding Corp. earnings at a glance:

-Earnings (Q1): $10.6 Mln. vs. $15.0 Mln. last year. -EPS (Q1): $0.28 vs. $0.40 last year. -Analysts Estimate: $0.26 -Revenue (Q1): $941.3 Mln vs. $814.5 Mln last year.