Steel Tech raises earnings expectations

Newswire

NEW YORK, Sept 26 (Reuters) - Steel Technologies Inc. , a steel supplier to the automotive and appliance industries, on Friday said fourth-quarter and year-end results will be higher than expected due to improving margins. The Louisville-based company forecast earnings for the quarter and fiscal year ended Sept. 30, 2003, respectively, in the range of 17 cents to 18 cents per share and 85 to 86 cents a share. Analysts expect the company to earn 10 cents a share for the quarter and 78 cents ...

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