Benzinga | Aug 6, 2020 06:56AM EDT

Olympic Steel Q2 Adj. EPS $(0.38) Beats $(0.40) Estimate, Sales $248.30M Miss $362.03M Estimate

Olympic Steel (NASDAQ:ZEUS) reported quarterly losses of $(0.38) per share which beat the analyst consensus estimate of $(0.40) by 5 percent. This is a 337.5 percent decrease over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $248.30 million which missed the analyst consensus estimate of $362.03 million by 31.42 percent. This is a 42.14 percent decrease over sales of $429.15 million the same period last year.