Schnitzer Steel Industries Inc. Q4 Profit Falls 10%

(RTTNews) - Schnitzer Steel Industries Inc. (SCHN) announced earnings for fourth quarter that retreated from last year.

The company said its bottom line totaled $9 million, or $0.31 per share. This was lower than $10 million, or $0.36 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 33.8% to $457 million. This was down from $690 million last year.

Schnitzer Steel Industries Inc. earnings at a glance:

-Earnings (Q4): $9 Mln. vs. $10 Mln. last year. -Earnings Decline (Y-o-Y): -10.0% -EPS (Q4): $0.31 vs. $0.36 last year. -EPS Decline (Y-o-Y): -13.9% -Revenue (Q4): $457 Mln vs. $690 Mln last year. -Revenue Change (Y-o-Y): -33.8%