Ryerson Holding Corp. Q3 Profit Retreats 83%

(RTTNews) - Ryerson Holding Corp. (RYI) released earnings for third quarter that declined compared to the same period last year.

The company said its earnings dropped to $1.7 million, or $0.05 per share. This was lower than $10.0 million, or $0.28 per share, in last year's third quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.6% to $864.2 million. This was up from $735.1 million last year.

Ryerson Holding Corp. earnings at a glance:

-Earnings (Q3): $1.7 Mln. vs. $10.0 Mln. last year. -Earnings Decline (Y-o-Y): -83.0% -EPS (Q3): $0.05 vs. $0.28 last year. -EPS Decline (Y-o-Y): -82.1% -Analysts Estimate: $0.05 -Revenue (Q3): $864.2 Mln vs. $735.1 Mln last year. -Revenue Change (Y-o-Y): 17.6%