Earnings Exceed Expectations Despite Revenue Shortfall

Shares of Olympic Steel are trading ex-dividend today as the company prepares to distribute its quarterly cash payment to shareholders. Investors purchasing the stock from this point forward will not qualify for the upcoming $0.16 per share dividend, scheduled for distribution on September 15. This routine price adjustment coincides with the release of unexpectedly robust quarterly financial results.

The metals service center demonstrated remarkable earnings strength in its second quarter reporting period. Read more...