Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 478825
Steven Bridge  |  by www.tradingmarkets.com. All rights reserved. 6.11 | 20:41

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(RTTNews) - Tuesday, Steel Technologies, Inc. ( | | | ) reported fourth quarter preliminary net income of $3.15 million or $0.

24 per share. Income from continuing operations was $3.18 million or $0.

24 per share. The company recorded a net loss of $27 thousand or $0.00 per share from discontinued operations for the current quarter.

Revenues for the third quarter rose 5% to $202.30 million from $193.1 million in the corresponding period last year.

Analysts, on average polled by First Call/Thomson Financial expected earnings of $0.46 per share on revenues of $219.67 million.

The company also revealed that it plans to restate previous financial results to correct the accounting for certain deferred tax assets and liabilities, which would result in a cumulative increase to shareholders' equity through June 30, 2006, of about $1.6 million.

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