Schnitzer Steel profits drop

Schnitzer Steel profits drop

Schnitzer Steel Industries' fiscal second-quarter net income dropped 10%, due in part to a restructuring charge.

Its adjusted earnings topped analysts’ estimates.

The Portland company earned $8.6 million, or 32 cents per share, for the three months ended Feb. 28. That compares with $9.6 million, or 35 cents per share, a year earlier.

Read more at The Register-Guard.

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