Schnitzer Steel Industries Inc. Profit Advances 12% In Q4

(RTTNews) - Schnitzer Steel Industries Inc. (SCHN) announced earnings for its fourth quarter that increased compared to the same period last year.

The company said its bottom line advanced to $18 million, or $0.63 per share. This was up from $16 million, or $0.56 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 3.6% to $494 million. This was up from $477 million last year.

Schnitzer Steel Industries Inc. earnings at a glance:

-Earnings (Q4): $18 Mln. vs. $16 Mln. last year. -Earnings Growth (Y-o-Y): 12.5% -EPS (Q4): $0.63 vs. $0.56 last year. -EPS Growth (Y-o-Y): 12.5% -Revenue (Q4): $494 Mln vs. $477 Mln last year. -Revenue Change (Y-o-Y): 3.6%