Ryerson Holding Corp. Q2 Earnings Retreat 2%

(RTTNews) - Ryerson Holding Corp. (RYI) released a profit for second quarter that retreated compared to the same period last year.

The company said its bottom line declined to $16.9 million, or $0.52 per share. This was down from $17.2 million, or $0.54 per share, in last year's second quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.0% to $739.8 million. This was down from $840.4 million last year.

Ryerson Holding Corp. earnings at a glance:

-Earnings (Q2): $16.9 Mln. vs. $17.2 Mln. last year. -Earnings Decline (Y-o-Y): -1.7% -EPS (Q2): $0.52 vs. $0.54 last year. -EPS Decline (Y-o-Y): -3.7% -Analysts Estimate: $0.47 -Revenue (Q2): $739.8 Mln vs. $840.4 Mln last year. -Revenue Change (Y-o-Y): -12.0%