Schnitzer Steel Industries Inc. Q2 adjusted earnings of $0.48 per share

(RTTNews) - Schnitzer Steel Industries Inc. (SCHN) announced a profit for second quarter that fell from last year.

The company's bottom line came in at $12.89 million, or $0.46 per share. This compares with $41.02 million, or $1.42 per share, in last year's second quarter.

Excluding items, Schnitzer Steel Industries Inc. reported adjusted earnings of $13 million or $0.48 per share for the period.

The company's revenue for the quarter fell 15.3% to $473.57 million from $559.44 million last year.

Schnitzer Steel Industries Inc. earnings at a glance:

-Earnings (Q2): $13 Mln. vs. $41 Mln. last year. -EPS (Q2): $0.48 vs. $1.42 last year. -Revenue (Q2): $473.57 Mln vs. $559.44 Mln last year.