FORT WAYNE, Ind. (AP) — FORT WAYNE, Ind. (AP) — Steel Dynamics Inc. (STLD) on Wednesday reported second-quarter profit of $428 million.

The Fort Wayne, Indiana-based company said it had profit of $2.72 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share.

The steel producer and metals recycler posted revenue of $4.63 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $4.42 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STLD at https://www.zacks.com/ap/STLD