XLB news that moved the stock

What happened

Steel Dynamics (STLD) reported third-quarter profit of $756 million, or $5.26 a share, up from $403.7 million ($2.74 a share) a year earlier, and revenue of $6.51 billion versus $4.83 billion a year ago. But EPS missed the FactSet consensus of $5.48, and adjusted EBITDA also came in below the average analyst estimate, sending shares down 6.5% to $229.25 in after-hours trading on Monday. The company shipped a record 3.8 million tons of steel, and the average external steel selling price rose $102 quarter-over-quarter to $1,400 a ton. Charges and start-up issues at its new aluminum mill operations weighed on the bottom line.

What happened

Crown Holdings (CCK) reported third-quarter profit of $225 million ($2.08 a share), up from $214 million ($1.85) a year earlier. Adjusted EPS of $2.39 beat the FactSet consensus of $2.26, and revenue rose to $3.71 billion from $3.2 billion, ahead of the $3.46 billion expected, on global beverage-can volumes up more than 6% (double-digit growth in Asia, 6% in North America, 4% in Europe). But management guided fourth-quarter adjusted EPS to $1.63–$1.73, below the $1.80 consensus, and narrowed full-year adjusted EPS guidance to $8.35–$8.45. Shares fell about 6% in after-hours trading to $108.25, and peer Ball Corp slipped 1.4% in sympathy.